Seven & i Holdings Cuts Earnings Forecasts
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profit forecastCNBC
•7-Eleven's parent company cuts full-year earnings forecast, presses ahead with restructuring
85% Informative
Japanese convenience retailer Seven & i Holdings slashed its earnings forecasts for the fiscal year ending February 2025 .
The owner of 7-Eleven said it will set up an intermediate holding company for its supermarket food business, specialty store and other businesses.
The restructuring, which would consolidate 31 units, comes as the Japanese retail group resists a takeover attempt by Canada 's Alimentation Couche-Tard .
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