Reported about 1 month ago
Japanese conglomerate Seven & i Holdings announced a growth plan focused on 7-Eleven stores, deliberately avoiding mention of a $47 billion buyout offer from Alimentation Couche-Tard. CEO Ryuichi Isaka outlined plans to divest underperforming businesses and expand internationally, particularly in markets like Vietnam and Australia, aiming to double sales to 30 trillion yen by 2030. Despite these ambitions, market reactions have been tepid, with some investors expressing skepticism about the adequacy of the restructuring efforts.
Source: YAHOO