TOKYO -- Seven & i Holdings has chosen Bain Capital as its preferred buyer for a stake in an intermediate holding company that brings together the Japanese retail group's noncore businesses, Nikkei has learned.
Since the group announced in October that it would focus on its main convenience store operations, it has been looking to sell a major portion of its stake in York Holdings, an intermediate holding company under which 31 group units are set to be restructured by the end of February.
