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Retail

Walmart Looks To Exit Japan With Seiyu Supermarket Sale: Nikkei

By Publications Checkout
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Walmart Looks To Exit Japan With Seiyu Supermarket Sale: Nikkei

US retailer Walmart Inc. has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported on Thursday.

If realised, the sale could amount to around 300 billion to 500 billion yen ($2.7 billion to $4.5 billion), the Nikkei said, without citing its sources.

Walmart said it does not comment on market speculation.

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