Seven & I to Split 7-Eleven From Original Ito-Yokado Stores (1)

Seven & i Holdings Co. is considering a listing of Ito-Yokado, the historic supermarket retail core of the company, and eventually split it off from the more profitable and faster-growing 7-Eleven franchise to focus its efforts on making convenience stores a global business.

The retailer’s board and strategic committee will develop a plan for the split and list the legacy operation “as soon as reasonably practicable,” the Tokyo-based retailer said in a statement Wednesday. The stock fell 1.4% before the announcement, as news trickled out that it was planning to revamp Ito-Yokado.

Seven & i, which has a market value ...