Seven & I Holdings Co (JP:3382) has released an update.
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Seven & i Holdings Co. has announced the creation of a new intermediate holding company, YORK Holdings Co., Ltd., to manage its supermarket and specialty store businesses, aiming to enhance shareholder value through sustainable growth and a potential IPO. The new entity will incorporate 31 companies within its structure and is slated to begin operations in October 2024, with full organizational restructuring expected to be completed by February 2025. This strategic move is anticipated to have a minimal impact on the company’s consolidated earnings.
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