Seven & i CEO says hiving off non-core businesses will allow growth

Seven & i CEO says hiving off non-core businesses will allow growth

FILE PHOTO: A pedestrian walks past Japan's Seven & I’s 7-Eleven convenience store in Tokyo, Japan, August 19, 2024. REUTERS/Kim Kyung-Hoon/File Photo

Seven & i Holdings’ plan to hive off underperforming businesses will allow it to expand its core 7-Eleven convenience stores, its chief executive said on Thursday, as the Japanese retailer looks to avoid a $47 billion Canadian takeover.