The delay comes as the Japanese firm forecast fiscal full-year operating profit that was below analysts’ projections, driven by weaker traffic and fuel sales in North America as uncertainty fuelled by elevated oil prices looms.
(April 9): Seven & i Holdings Co will delay a public listing of its US convenience-store business planned for later this year, triggering a 4.6% drop in the shares of the convenience-store operator.
Chief executive officer Stephen Dacus had been seeking to revamp the company’s business in the US, including a leadership reshuffle and an overhaul of its US convenience store operations, aimed at preparing the unit for a public listing later this year.
