Rakuten and KKR will seek to shore up Seiyu’s digital operations as demand for online retail grows in Japan amid the pandemic.
Walmart Inc. is selling most of Japanese retailer Seiyu to KKR & Co. and Rakuten Inc. in a deal that values the supermarket chain at 172.5 billion yen ($1.6 billion), as the U.S. giant retreats from its two-decade attempt to crack Japan’s retail market. Under the agreement, private equity fund KKR will become the majority […]
"We will continue to optimize our portfolio, including the potential sale of additional non-core assets," says Bed Bath CEO Mark Tritton.
The company has asked the U.S. government to extend a Thursday deadline for ByteDance to divest its TikTok business in the U.S.