7-Eleven parent company restructures to enhance core business, spins off supermarkets into York Holdings amid $47B takeover bid.
Seven & i Holdings, parent company of 7-Eleven, is restructuring to enhance its core business in response to a $47 billion takeover bid from Canada's Couche-Tard. The company will spin off its supermarket operations and non-core units into a new entity called York Holdings, aiming for a 100 billion yen EBITDA target next fiscal year. This strategy seeks to improve profitability and shareholder value amid competitive global market pressures.
October 15, 2024
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