7-Eleven
Many things, such as the Chief Auto Parts chain, the ice division, and hundreds of store locations, were sold between 1987 and 1990 to pay off loans that were taken out during the buyout. This also meant that, in many big cities, 7-Eleven stores were sold to other convenience stores. In October 1990, the Southland Corp., who owned money, filed a pre-packaged Chapter 11 bankruptcy to give control of 70% of the company to Japanese company Ito-Yokado.