Stay updated with breaking news from Valueact Capital. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
TOKYO : A spin-off of 7-Eleven would jeopardise the convenience store chain's future growth by cutting it off from its parent's strength in the food business, the chief executive of Japan's Seven & i Holdings Co Ltd told Reuters.The comments from Ryuichi Isaka come as he faces a call for his ouster from s
Ryuichi Isaka said 7-Eleven is reliant on staff and know-how from Seven & I's supermarket businesses in developing products for its Seven Premium private brand.
A spin-off of 7-Eleven would jeopardise the convenience store chain's future growth by cutting it off from its parent's strength in the food business.
Debate between Seven & I and activist fund ValueAct Capital Management is likely to continue through May 25, when Seven & I is scheduled to hold its annual general meeting.
Details case for change at Seven & i after seven years of weak execution, governance failures, and bad faith interactions under President Isaka President Isaka...