southland exited bankruptcy in march 1991, after a cash infusion of $430 million from ito-yokado and seven-eleven japan. these two japanese units now controlled 70% of the company, with the founding thompson family keeping 5%. in 1999, southland corp. changed its name to 7-eleven, inc., citing the selling of operations other than 7-eleven. ito-yokado formed seven &amp; i holdings co. and 7-eleven became its branch in 2005. in 2007, seven &amp; i holdings announced that it would be expanding its american operations, with an additional 1,000 7-eleven stores in the united states.