Stephen Dacus: Convenience Store Prince?
Based off the FT articles: Keohane, D. (2025). Seven & i set to list North American 7-Eleven store business . Financial Times. https://www.ft.com/content/aa51ddce-3930-49ae-9f99-e6e629ada7ec And Keohane, D. & Dempsey, H. (2025) The US CEO thrust into Japan’s biggest takeover battle . Financial Times. https://www.ft.com/content/e20b33db-e4de-435a-b24a-b1b817ef7fe7 Block 3 Word Count - 753 Who is Stephen Dacus and What's Going On? Stephen Dacus is the newly appointed CEO of Seven & i Holdings, Japanese parent company of popular convenience store 7-Eleven with 13,145 stores in the US and Canada. Facing a $47bn takeover bid from Canada’s Alimentation Couche-Tard (ACT), the retailer has turned to Stephen Dacus to fend off ACT’s advances and prove the company can thrive independently. Dacus has a great task in front of him. ACT’s ¥2,700 ($18.56)/share bid overshadows the current ¥2,150 ($14.87) price. Investors, fatigued by years of sluggish reform...