Seven & i CEO Targets US Turnaround To Prepare for an IPO and Higher Returns

Seven & i’s IPO of US Arm Hinges on Faster Turnaround, CEO Says
Seven & i Holdings Co. ’s chief executive is pressing its US convenience-stores business to deliver a faster turnaround as the retailer seeks a public listing of the unit to fund new investment and lift shareholder returns.
The timing of an initial public offering will depend on execution and the market, said Stephen Dacus , who became CEO six months ago. “How long that takes depends on actual performance, which is unpredictable. It’s a fact that we haven’t yet fully realized 7-Eleven Inc.’s potential, and that its performance is still insufficient,” he said, referring to the company’s US operations.