Seven & i Holdings Co., the operator of 7-Eleven convenience stores, is entering a pivotal phase in its standalone business revamp following the withdrawal of a $44.9 billion takeover bid by Alimentation Couche-Tard, the Circle-K operator. The company announced plans to open 1,300 new international stores, primarily in the United States, as part of an updated mid-term growth strategy. To support more aggressive expansion, Seven & i intends to conduct an initial public offering (IPO) of its North American business. The CEO emphasized that the IPO aims to accelerate growth efforts. Additionally, Seven & i is targeting a 44% increase in profits by fiscal year 2030, reflecting its ambitious outlook for the coming years.
Seven & i's North American business IPO to fund quicker growth, says CEO https://t.co/KVxND2KmOa https://t.co/KVxND2KmOa
From Breakingviews - Seven & i standalone revamp enters pivotal phase https://t.co/9xfh675xHg https://t.co/9xfh675xHg
Seven & i standalone revamp enters pivotal phase - @KangHexin - https://t.co/KI2DWHCalN https://t.co/iSjcXipbvX