7-Eleven's parent company, Seven & i Holdings, considers selling Ito-Yokado supermarkets to focus on convenience stores.

Seven & i Holdings Co., Japan's retail giant and owner of 7-Eleven, is contemplating selling its Ito-Yokado supermarkets to focus on convenience stores. This strategic shift follows a rejected takeover offer from Canada's Alimentation Couche-Tard. The potential sale could yield between ¥320 billion and ¥430 billion ($2.2 billion to $2.9 billion). The company is also exploring selling a portion of its stake in Seven Bank to enhance corporate value.

October 03, 2024
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