Walmart in $1.6B Deal Focused on Digitizing Japanese Grocer
Walmart and Rakuten agreed for KKR to buy 65% and a new Rakuten subsidiary focused on retail digital transformation to buy 20% of Japanese supermarket chain Seiyu in a deal valued at $1.6 billion. Walmart will retain 15% of Seiyu,…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
they said Sunday: It lets Seiyu take advantage of KKR, Rakuten and Walmart’s retail expertise and innovation as a stand-alone company and accelerate its digital transformation.