Seven & i founding family seeks to raise $52b for buyout this year

Seven & i founding family seeks to raise $52b for buyout this year

FILE PHOTO: A pedestrian walks past Japan's Seven & I’s 7-Eleven convenience store in Tokyo, Japan, August 19, 2024. REUTERS/Kim Kyung-Hoon/File Photo

The founding Ito family behind Japanese retailer Seven & i aims to raise more than 8 trillion yen ($52 billion) to take it private by the end of this financial year, Japanese public broadcaster NHK reported on Tuesday.