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