Wal-Mart to sell operations in Japan

Publication

3 July 2018 à 16h38

Updated on 10 May 2019 à 16h58

Reading time

2 minutes

Publication: 3 July 2018 à 16h38, Updated on 10 May 2019 à 16h58

Reading time: 2 minutes

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Publication

3 July 2018 à 16h38

Updated on 10 May 2019 à 16h58

Reading time

2 minutes

Publication: 3 July 2018 à 16h38, Updated on 10 May 2019 à 16h58

Reading time: 2 minutes

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According to Reuters, following the U.K. and Brazil, the U.S. giant Wal-Mart has decided to close operations in Japan via the sale of the struggling Seiyu supermarket chain, which operates 335 stores. The value of the disposal may be between US$2.7 billion and US$4.5 billion. The firm did not comment directly but would have approached several retailers and private equity funds. However, finding a buyer for the whole Seiyu business could be difficult, as many of the stores are old and

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