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7-Eleven Australia Sold for $1.7 Billion to Global Parent Company

The Withers and Barlow families, affluent stakeholders in 7-Eleven Australia, have finalised the sale of their business for $1.7 billion. The acquisition by 7-Eleven International LLC (7IN), a collaborative entity of 7-Eleven Inc and Seven-Eleven Japan, transfers full ownership of the Australian chain. Having nurtured the brand since its Australian inception in 1977, the families …

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7-Eleven Faces Spending Decline Amid Economic Pressures, Still Posts Profit Growth

News

In the first quarter of the new fiscal year, consumer spending at 7-Eleven stores and petrol stations has declined due to ongoing financial pressures, as indicated by the company’s recent financial statements. Despite this, 7-Eleven, Australia’s leading convenience store chain, reported a significant increase in pre-tax profits for the 12-month period ending June 30, rising …

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Australia’s 2030 Emission Targets at Risk Due to EV Costs and Limited Charging Stations

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Leading Australian employer organisations assert that electric vehicles (EVs) will have minimal impact on achieving the 2030 emissions reduction goals set by Prime Minister Anthony Albanese. This conclusion is attributed to high costs and inadequate charging infrastructure. The Australian Chamber of Commerce and Industry and the Australia Industry Group expressed concerns about the sluggish adoption …

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