Japanese Billionaire’s Discount Retailer To Buy Supermarket Chain Seiyu From KKR And Walmart For $2.6 Billion

Forbes

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Japanese Billionaire’s Discount Retailer To Buy Supermarket Chain Seiyu From KKR And Walmart For $2.6 Billion

Billionaire Hisao Nagata’s Trial Holdings said the acquisition of Seiyu Co. would expand his company’s sales to more than ¥1.2 trillion.

Kyodo News+

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Japan retailer Trial to acquire supermarket Seiyu for 380 bil. yen

Japanese discount supermarket chain operator Trial Holdings Inc. said Wednesday it will acquire rival Seiyu Co. for 380 billion yen ($2.5 billion) and make it a wholly owned subsidiary, creating a retail group with sales exceeding 1 trillion yen.

Japan Today

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Japan retailer Trial to acquire supermarket Seiyu for ¥380 bil

Japanese discount supermarket chain operator Trial Holdings Inc said Wednesday it will acquire rival Seiyu Co for 380 billion yen and make it a wholly owned subsidiary, creating…

NHK World

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[NHK] Discount store "Trial" talks about Seiyu, a general supermarket chain that has been undergoing reconstruction under the auspices of American investment funds and major retailers...

retail-insight-network.com

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KKR agrees to divest Seiyu to Trial for $2.5bn

KKR is divesting its ownership stakes in supermarket chain Seiyu to Japanese distribution and retail operator Trial.The post KKR agrees to divest Seiyu to Trial for $2.5bn  appeared first on Retail Insight Network.

businessinsider.jp

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The news that Seiyu would be made a wholly owned subsidiary of a new discount supermarket spread across Japan. We will explain the details of the press conference held on the 5th and the characteristics of Trial, the company that will be carrying out the acquisition.