Japanese retail giant Seven & i Holdings has called off investment talks with Polish convenience store chain Zabka, the company announced on Saturday. In a statement, Seven & i said it could not reach an agreement that would serve the best interests of the company and its shareholders. The decision marks the end of discussions that had been aimed at a potential partnership or investment between the two firms.
Seven & i is the parent company of the global 7-Eleven convenience store network, with a strong presence in Japan and other countries. Zabka operates thousands of small-format stores across Poland and is known for its rapid expansion in Central Europe. The talks, which had been reported earlier this year, were seen as part of Seven & i's strategy to grow its international footprint.
No specific reasons for the breakdown were provided, but Seven & i emphasized that the decision was made after careful consideration. The company remains focused on its existing operations and long-term growth plans. Zabka did not immediately comment on the announcement. Industry analysts note that the collapse of the talks does not signal any major issues for either company, as both continue to perform well in their respective markets.