TOKYO -- Seven-Eleven parent Seven & i Holdings faces growing pressure to spin off operations beyond its mainstay convenience store business after U.S. activist investor ValueAct Capital emerged as one of its leading shareholders.
Retail
Japanese parent of 7-Eleven faces US activist pressure to break up
ValueAct demands restructuring after gaining 4% stake in Seven & i
Seven & i Holdings has earned about 60% of its group operating profit from convenience stores in Japan.
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