TOKYO : Japanese retailer Seven & i Holdings Co Ltd is in final negotiations to sell its department store unit, Sogo & Seibu, the Nikkei business daily reported on Monday, amid investor pressure to focus on its core convenience store business.
Investment funds and companies are expected to be among the potential bidders with negotiations on price to begin this month, Nikkei reported without citing sources. A spokesperson for Seven & i, which operates Japan's leading convenience store chain 7-Eleven, said nothing had been decided. U.S.-based investment firm ValueAct Capital had urged the retailer to consider alternative strategies including the sale of divisions to boost its lagging share price.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong allows stores selling hamsters to resume business after Covid-19 cull
Source: STForeignDesk - 🏆 4. / 71 Read more »
North Korea conducts seventh suspected missile launch in busiest month for tests
Source: STForeignDesk - 🏆 4. / 71 Read more »
Hong Kong allows hamster pet stores to resume business after COVID-19 cullHONG KONG: Dozens of pet stores that sold hamsters in Hong Kong may resume business from Sunday (Jan 30), Hong Kong\u0027s government said, after being shuttered last week and thousands of hamsters culled over coronavirus fears. Authorities enraged pet lovers with an order to
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan set to pass China human rights resolution before Winter OlympicsVietnamese man brutally murdered by Japanese. Japan is a barbaric country. Is there genocide in Xinjiang when the population increased more the 3 times in 7 decades. If so China is really lousy at genocide unlike the Anglo-American axis of evil countries. The US lies about the Xinjiang Genocide allegations.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Japan's Dec factory output falls faster than expectedTOKYO : Japan's factory output shrank for the first time in three months in December as a decline in machinery outweighed a small rise in car production, casting a cloud over the strength of the economic recovery.Retail sales posted their third straight month of year-on-year gains in December as low coron
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »