Seven & i Holdings, a major distributor, owns "Francfranc", a subsidiary that sells furniture and miscellaneous goods that owns nearly half of its shares, saying that there is no synergistic effect between the companies that it initially expected. It has become clear that it has decided to sell about 25% of its shares to investment funds.
According to the people concerned, Seven & i has decided to sell about 25% of its 49% stake in "Francfranc", which sells furniture and miscellaneous goods, to the investment fund "Japan Growth Investment Alliance". I did.
It is expected to be officially announced after the decision of the founder of "Francfranc", which holds the remaining shares.
Seven & i entered into a capital and business alliance with "Francfranc" in 2013 to strengthen its product lineup for young people and women, and has been promoting joint development of products and stores. There was no synergistic effect of the above, which was a problem.
Seven & i has entered the market and invested more than 2 trillion yen to acquire the convenience store business in the United States. In the future, it plans to diminish its involvement in fields with low synergistic effects and concentrate management resources on its mainstay convenience store business. is.
On the other hand, as for "Francfranc", sales of mainstay furniture and miscellaneous goods are increasing against the background of demand for corona stagnation, so it seems that the aim is to accept this sale and increase the degree of freedom of management.