Seven & i Holdings agrees sale of superstore business to Bain; will IPO US unit

The Japanese parent company of 7-Eleven, under bid from a Canadian rival, has said it will replace its chief executive officer, spin off its US business and has agreed to sell its superstore business to Bain Capital.

Japan’s Seven & i Holdings, the parent company of 7-Eleven, has said it will replace its chief executive officer, spin off its US business and sell its superstore business to Bain Capital, according to a company announcement on March 6. 

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