Seven & I Explores Supermarket Stake Sale to Boost Restructuring

The Japanese retailer seeks to streamline operations and enhance focus on its core convenience store business.

Seven & I Holdings is considering selling a stake in its supermarket unit, including the Ito-Yokado chain, as part of a strategic overhaul.
The potential sale comes after rejecting a $38.5 billion takeover bid from Canada's Alimentation Couche-Tard, deemed too low by the company.
Discussions are ongoing with private equity funds and other investors, with sale value estimates ranging from ¥320 billion to ¥430 billion.
The move aims to accelerate restructuring efforts and improve asset allocation, responding to pressure from investors like ValueAct Capital.
Seven & I plans to announce further details during its earnings report on October 10, with a potential listing of the supermarket unit considered for as early as 2027.