Japanese retail giant Seven & i Holdings completes sale of subsidiary York Holdings to Bain Capital for Y814.7bn ($5.5bn). York Holdings manages supermarket chains like Ito-Yokado and speciality store divisions. Seven & i reinvests in the business post-transaction, aims to unlock shareholder value after Alimentation Couche-Tard withdraws buyout proposal. Plans to launch 1,300 new stores in North America by 2030 and 1,000 outlets in Japan. New CEO Stephen Hayes Dacus named to accelerate strategic priorities.

Read more at Yahoo Finance: Seven & i completes sale of subsidiary York Holdings