Seven & I has sought to make a case for remaining independent and has enacted changes such as appointing a new CEO.
BUSINESS / Companies
Jul 17, 2025
Couche-Tard abandons $46 billion bid to acquire Seven & I
Seven & I stock, up more than 25% since Couche-Tard’s interest became public 11 months ago, will likely decline due to the withdrawn proposal.
A Loro Piana SpA luxury clothing store in Milan on Wednesday
BUSINESS / Companies
Jul 17, 2025
Italy cracks down on sweatshops supplying Armani and Dior
For a decade, a Chinese tailor toiled in a three-story building on the outskirts of Milan, working 13 hours a day making high-end garments for brands including Italian cashmere label Loro Piana.
SoftBank founder Masayoshi Son (left) with OpenAI chief Sam Altman via video link
BUSINESS / Companies
Jul 16, 2025
Masayoshi Son and Sam Altman see no end to AI demand and scaling
The two business partners argued that advancing AI would lead to new jobs that are not yet imagined, and the advancement of robotics will help kickstart a "self-improvement” loop.
Nidec CEO Mitsuya Kishida with lion dance performers during the opening ceremony of the company’s Qingdao Industrial Park on July 9
BUSINESS / Companies
Jul 16, 2025
Nidec builds made-in-China EV motor to help Toyota catch rivals
About 99% of the materials and parts in the new E-axle motor are from China, said Nidec president Mitsuya Kishida.
The Nissan Motor Oppama Plant in Yokosuka. The company will wind down production at the plant and transfer assembly of vehicles to a factory in Kyushu.
BUSINESS / Companies
Jul 15, 2025
Nissan to close Oppama plant as part of wider restructuring push
Oppama, which has been in operation since 1961 and employs roughly 2,400 workers, will cease production by March 2028.
Yahoo News was Japan’s fourth-most visited website overall.
BUSINESS / Companies
Jul 15, 2025
Yahoo News Japan beats NYT and BBC as most popular news website worldwide
While traditional media are still viewed as the most trustworthy sources, news aggregation site Yahoo New Japan nets the most eyeballs in Japan and abroad.
The working conditions cited by prosecutors shed light on the differences in wealth between people purchasing luxury goods and many of those making them.
BUSINESS / Companies
Jul 15, 2025
LVMH’s Loro Piana faces court oversight in Italy labor probe
In some factories, working hours mostly exceeded the 8-hour legal standard, employees slept on shop floors and were paid a fraction of Italy’s legal minimum, prosecutors said.

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