SVNDY - Seven & I Holdings Contemplates Separation Of Retail Arm Shifts Focus To 7-Eleven Expansion | Benzinga
Seven & I Holdings Co., Ltd. (OTC:SVNDF) (OTC:SVNDY) is contemplating a potential listing of Ito-Yokado as it seeks to separate it from its more lucrative 7-Eleven franchise.
The company plans to create a globally integrated CVS management structure, including Japan and North America, with a unified leadership.
The Superstore (SST) business will aim to establish a refined management/business structure to provide employees with autonomy to pursue re-growth.
The retailer’s board and strategic committee will devise a plan for the separation and public offering of the legacy operation.
In response to pressure from ValueAct Capital Management last year, ...