Seven & i Holdings Co. will spin off and list its Ito-Yokado supermarket operations as early as fiscal 2027 as part of efforts to drive the struggling business's growth by leveraging external capital.
Workers represented by a labor union at Japanese department store operator Sogo & Seibu Co. will go on a rare strike at its flagship store in Tokyo, as its parent company remains committed to selling the chain to a U.S.-based investment fund despite their opposition to the buyout, according to the union
TOKYO :Shareholders of Japan's Seven & i Holdings Co Ltd on Thursday voted down all four of the board candidates nominated by ValueAct Capital, dismissing the U.S. investment firm's attempt to shake up the retail giant's board.ValueAct, long critical of the 7-Eleven convenience store operator's conglomerate s
ValueAct Capital, a U.S.-based fund and major shareholder of Seven & I, was seeking to replace several directors, including current President Ryuichi Isaka, with their own candidates.
TOKYO :Shareholders of Japan's Seven & i Holdings Co Ltd on Thursday voted down all four of the board candidates nominated by ValueAct Capital, dismissing the U.S. investment firm's attempt to shake up the retail giant's board.ValueAct, long critical of the 7-Eleven convenience store operator's conglomerate s