Copyright Reuters
Sign up here. Seven & i has said it will pursue a listing of its North American convenience store subsidiary by the second half of 2026, and will buy back about 2 trillion yen ($13 billion) worth of shares through fiscal year 2030 . "We are not planning a particularly large sale (of shares)," Maruyama said at a briefing for investors. The company will do the buyback even if the offering doesn't take place, he said. Seven & i's shares are down by around a fifth for the year to date. TARGETING EUROPEAN EXPANSION The retailer also said it is looking to expand its business in Europe into a "fourth major pillar of growth", in addition to Japan, North America and Asia-Pacific. It currently has 365 stores in Scandinavia. "Outside Scandinavia, Europe is a blank area for 7-Eleven," said Ken Wakabayashi, CEO of 7-Eleven International. The retailer is also looking at foraying into markets in the Middle East, Africa and Latin America with high growth potential. ($1 = 150.7800 yen) Reporting by Ritsuko Shimizu; Writing by Sam Nussey; Editing by Edwina Gibbs
