Seven & i Completes $5.5 Billion Sale of York Holdings to Bain Capital
Tokyo, [Date] – Seven & i Holdings Co. Ltd., parent company of 7-Eleven convenience stores, announced today that it has completed the previously disclosed sale of its York Holdings Co. Ltd. supermarket and specialty retail subsidiary to Bain Capital for more than $5.5 billion. The transaction was originally announced in March 2025.
Formed in October 2024, York Holdings comprises supermarket banners Ito-Yokado and Shell Garden; quick-service restaurant and contract foodservice provider Seven & i Food Systems, operator of the Denny’s brand in Japan; along with 25 other businesses across the retail and food sectors.
The deal was executed through an asset-transfer structure known as an absorption-type split, under which Boston-based Bain Capital will acquire approximately 60% of York Holdings. Seven & i and the founding Ito family will retain a partial reinvestment stake.
The divestiture is a key milestone in Seven & i’s ongoing strategy, described internally as the “transformation of 7-Eleven.” The initiative follows a failed takeover bid earlier this year by Alimentation Couche-Tard Inc., parent of the Circle K chain.
As part of this transformation, Seven & i is focusing on businesses within the convenience channel while divesting non-core assets. Looking ahead, the company plans to open approximately 1,000 new convenience stores in Japan and about 1,300 large-format, food-focused convenience stores in EEUU by 2030.
