Seven & I to Start Process of Selling Supermarket Business by Year-End, Nikkei Reports
--Seven & i Holdings will begin the process of selling off its supermarket business by the end of the year, the Nikkei business daily reported, citing unnamed sources.
--The Japanese owner of the 7-Eleven convenience store chain plans to sell a majority stake in its supermarket business, including Ito-Yokado, according to Nikkei.
--Seven & i declined to comment on the matter. In April, Seven & i said it was considering listing its supermarket business as soon as practicable, and in September it rejected a $39 billion buyout offer from Canada's Alimentation Couche-Tard.
Full story: https://asia.nikkei.com/Business/Business-deals/7-Eleven-owner-to-begin-selling-off-its-supermarket-business
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
(END) Dow Jones Newswires
October 04, 2024 03:42 ET (07:42 GMT)
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