Seven & I Holdings Co ( (JP:3382) ) has provided an update.
Seven & i Holdings Co. has announced significant leadership and strategic changes aimed at enhancing shareholder value. The company plans to appoint Stephen Hayes Dacus as the new CEO and pursue an IPO for its North American 7-Eleven business by the second half of 2026. Additionally, it has signed an agreement to sell its Superstore Business Group to Bain Capital for JPY 814.7 billion, with plans to use proceeds for share buybacks and dividends, thereby positioning itself for growth and increased shareholder returns.
More about Seven & I Holdings Co
Seven & i Holdings Co., Ltd. operates in the retail industry, primarily focusing on convenience stores, with its flagship brand being 7-Eleven. The company is a major player in the North American market, known for its strong brand recognition and digital offerings.
YTD Price Performance: -17.96%
Average Trading Volume: 2,859
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $35.6B
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