Buffett-backed Sumitomo weighs bid for 7-Eleven owner's supermarket unit

Japan's Seven & i set to close first round of bidding for York Holdings

20241126N Ito-Yokado

An Ito-Yokado store in the Tokyo suburbs. (Photo by Jun Takai)

KEIGO YOSHIDA, Nikkei staff writer

TOKYO -- Japanese trading house Sumitomo Corp. is said to be exploring a bid for Seven & i Holdings' supermarket and restaurant business holding company.

The first round of bidding for York Holdings, an intermediate holding company established by the Japanese 7-Eleven owner in October, is scheduled to close Thursday.

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