7-Eleven spin-off would jeopardise growth, CEO says, pushing back at ValueAct
By Ritsuko Shimizu TOKYO (Reuters) – A spin-off of 7-Eleven would jeopardise the convenience store chain’s future growth by cutting it off from its parent’s strength in the food business, the chief executive of Japan’s Seven & i Holdings Co Ltd told Reuters. The comments from Ryuichi Isaka come as he faces a call for his ouster from shareholder ValueAct Capital, the San Francisco-based investment firm that holds a 4.4% […]