Touch the Soil News #667 (Feature Photo – a 7-Eleven store in Malaysia)
Sunoco (Sun Oil Company) is a big company and has lots of gas stations – over 4,700 in 26 states. One third of them have convenience stores that Americans are used to frequenting. Sunoco’s convenience stores are called APlus, which offer hot foods, groceries and snacks. Earlier, Sunoco had announced that it had a goal of sourcing all eggs (for its convenience stores) from cage-free operations by 2025.
Most of the convenience stores owned by Sunoco, 1,108 stores to be exact, have just been sold to 7-Eleven for $3.3 billion. 7-Eleven has 8,707 stores in the U.S. and Canada. The new stores from Sunoco will bring their total to 9,815. As part of the deal, 7-Eleven agrees to buy gas and oil products from Sunoco for the next 15 years.
Now, we might think that 7-Eleven operations in the U.S. and Canada are quite big, but 7-Eleven is actually a subsidiary of a much larger company called Seven & I Holdings, headquartered in Japan. The company has over 54,000 locations in over 100 countries to include not only convenience stores, but food supermarkets, department stores, superstores, food services, financial services and IT services.
While the swallowing of 1,108 more convenience stores by 7-Eleven may not mean much in the larger scheme of things, there is an underlying theme to consider. As global-scope corporations control more of the local food scene, chances increase that food sourced for these stores are of multi-national origin.