Last year, he announced plans to concentrate management resources on the growing convenience store business by removing supermarket chain Ito-Yokado Co. and other subsidiaries from the group.

KKR (NYSE:KKR) first acquired a 65% majority stake in Seiyu from Walmart (NYSE:WMT) in 2021, and then bought an additional 20% stake from Japanese tech group Rakuten in 2023. KKR made its ...

Seiyu serves as an outstanding example of how ... life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the ...

Seiyu, meanwhile, operates over 240 supermarkets ... % stake to KKR and another 20% to Japanese e-commerce giant Rakuten Group, which is controlled by billionaire Hiroshi Mikitani.

Seiyu became Walmart’s group company in 2008. The Japanese retail market has often proved a challenge for foreign players, and Walmart’s arrival was met with skepticism from the start.