In the world of convenience stores, 7-Eleven is a household name. The company, founded in 1927, has grown to become one of the largest chains of convenience stores in the world, with over 70,000 locations in 17 countries. And at the helm of this iconic company is the Thompson family, who have been running 7-Eleven for over 70 years.
However, the future of 7-Eleven is now in jeopardy as a bitter family feud has erupted over the control and ownership of the company. At the center of this dispute is the eldest grandson of the company’s founder, William Thompson II, who is fighting to keep 7-Eleven in the family.
William Thompson II, who is now in his 60s, has been embroiled in a legal battle with his siblings over the control of the company. The siblings, who also hold shares in the company, are seeking to sell their stakes in 7-Eleven to a private equity firm for a reported $50 billion. This move would effectively remove the Thompson family from the company’s management and ownership.
Thompson, who has been the face of 7-Eleven for decades, is fiercely opposed to this plan. He firmly believes that 7-Eleven should remain a family-owned and operated business, as it has been for generations. Thompson has vowed to do whatever it takes to prevent the sale of the company to outsiders, even if it means taking his siblings to court.
The stakes are high in this family feud, as 7-Eleven is not just a business but a legacy that has been passed down through generations. The company has a loyal customer base and a strong brand presence that has been built over decades of hard work and dedication. Selling the company to a private equity firm could potentially change the direction and values of 7-Eleven, which Thompson is vehemently against.
As the legal battle continues to unfold, the future of 7-Eleven hangs in the balance. Will the Thompson family be able to come to a resolution and keep the company in the family, or will outside investors take control of this iconic brand? Only time will tell, but one thing is for certain – the fight for 7-Eleven’s future is far from over.
