Japan retailer Seven & i reveals its own strategy amid takeover offer

Seven & i Holdings Co. said Thursday it will focus more on its convenience store business by separating it from noncore operations, in an apparent effort to thwart a takeover offer from Canada's Alimentation Couche-Tard Inc. with its own drive to improve corporate value.The Japanese retail giant, which operates the Seven-Eleven convenience store chain, will establish an intermediate holding company to consolidate its other businesses including supermarkets and restaurants. It also plans to change its name to "7-Eleven Corp." in 2025 at the earliest, pending shareholder approval.By changing …READ FULL ARTICLE