Japanese retail giant Seven & i Holdings has confirmed the completion of its subsidiary sale, York Holdings, to US-based private equity firm Bain Capital.
Seven & i stated that procedures for the “absorption-type split” were completed on 1 September 2025.
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York Holdings was established in October 2024 as a fully owned entity under Seven & i Holdings, and manages 29 subsidiaries and affiliates.
The portfolio includes supermarket chains such as Ito-Yokado and York-Benimaru, along with retailers such as Loft, Akachan Honpo and Seven & i Food Systems, which operates the Denny’s family restaurant chain.
In March 2025, Bain Capital disclosed that it had entered into a definitive agreement to purchase the headquarters of York Holdings and its subsidiary management functions.
This acquisition, valued at Y814.7bn ($5.5bn), encompasses York Holdings’ supermarket and speciality store divisions.
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By GlobalDataBain Capital reached an agreement with Seven & i on a company split in which the latter will partially reinvest in the business post-transaction.
Seven & i has also announced that the “reinvestment has been completed”. The company “remains fully committed to pursuing all avenues to unlock value for shareholders”.
The development follows Canadian retailer Alimentation Couche-Tard withdrawing from its $47bn buyout proposal to buy Seven & i in July 2025.
In August, the Japanese retailer unveiled plans to launch 1,300 new stores in North America by the fiscal year 2030.
It also plans to establish 1,000 additional outlets in Japan, as part of its revised midterm strategy.
In March 2025, Seven & i named Stephen Hayes Dacus as its new CEO to accelerate the implementation of strategic priorities.
