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Japanese Billionaire’s Discount Retailer To Buy Supermarket Chain Seiyu From KKR And Walmart For $2.6 Billion
- Trial Holdings, led by Hisao Nagata, is acquiring Seiyu Co. for approximately 382.6 billion yen from KKR and Walmart, gaining an 85% and 15% stake, respectively.
- The acquisition aims to increase Trial's annual revenue to over 1.2 trillion yen and expand operations in populous areas.
- Seiyu operates more than 240 supermarkets, primarily in the Kanto and Kansai regions of Japan.
- Hiroyuki Nagata, a member of the Trial board, stated, 'We will integrate our strengths and offer more value than we had before.
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13 Articles
13 Articles
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
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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...
·Tokyo, Japan
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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.
Coverage Details
Total News Sources13
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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