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The Independent UK

National

Elaine Kurtenbach

Japan's Seven & i sells retail business to Bain Capital for $5.4 billion, plans IPO

Bain Bain Capital Japan United States IPO 7Eleven Seven i

Japan Seven & I - (ASSOCIATED PRESS)

Japan’s Seven & i, the parent company of the Japanese 7-Eleven convenience store chain, said Thursday it is selling its supermarket store assets to Bain Capital for about $5.4 billion.

The company announced the deal a day after naming Stephen Dacus, its board chairman, to be its president and CEO.

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