Seven & I Plans to List Supermarket Unit Ito-Yokado, Kyodo Reports
- Struggling supermarket chain has been restructuring operations
- Announcement may come Wednesday with results, report says
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Seven & i Holdings Co. is planning to list its supermarket unit Ito-Yokado, which is facing intensifying competition from discount stores and online retailers, the Kyodo news agency reported.
The listing could take years to complete and Seven & i is expected to hold shares in the entity, according to the report, which cited a person it didn’t identify. President and Chief Executive Officer Ryuichi Isaka may announce the plan on Wednesday together with its full-year earnings results, it said.