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Walmart to sell 85% stake in Japanese supermarket chain Seiyu to KKR and Rakuten

By pallavi123 on November 16, 2020 Retail Industry News

Walmart has agreed to sell a stake of 85% in Seiyu, a Japanese supermarket chain, to KKR and a subsidiary of Rakuten, for a combined price of over $1 billion. The US retailing giant will retain a stake of 15% in Seiyu. The deal value 100% of the Japanese supermarket business at ¥172.5 billion (approximately […]

Walmart, Rakuten partner on online grocery delivery service in Japan

By pallavi123 on January 26, 2018 Retail Industry News

Retail business news : Retail giant Walmart and Japanese ecommerce conglomerate Rakuten have announced a new strategic partnership to launch online grocery delivery service in Japan and for offering new eBooks and audiobooks in the United States. The new online grocery delivery service in Japan is slated to commence in the third quarter of this […]