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

Seven & i Holdings , the Japanese operator of the 7-Eleven convenience store chain, appointed its first foreign CEO and handed him the task of overhauling its business to fend off a $47 billion overseas takeover bid and engineer a recovery.

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

Seven & i Holdings, the Japanese operator of the 7-Eleven convenience store chain, is expected to announce on Thursday a change of CEO and plans to restructure its business, sources said, as it faces a $47 billion foreign takeover bid.

Bain Capital aims to list Seven & i Holdings' supermarket and retail business in around three years after boosting synergies within the group, an executive of the U.S. private equity firm said on Thursday.

SEVEN & i Holdings, the Japanese operator of the 7-Eleven convenience store chain, announced a change of CEO and plans to restructure its business in the face of a US$47 billion foreign takeover bid.

STORY: Big changes have come for the owner of 7-Eleven convenience stores.Japan's Seven & i announced a change of CEO on Thursday (March 6).Ryuichi Isaka is due to step down as chief executive in late May.

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

Lead outside director Stephen Dacus was named the Japanese company’s first foreign CEO. Read more at straitstimes.com.

SEVEN & i Holdings, the Japanese operator of the global 7-Eleven convenience store chain, is expected to announce a leadership change on Thursday and plans to restructure its business as it faces a US$47 billion foreign takeover bid.