Troubled Japanese supermarket chain Seiyu has said that its shareholders had approved the appointment of five executives from US retail giant Wal-Mart to Seiyu’s board of 13 directors.


This moves follows the news in December that Wal-Mart was to substantially increase its stake in the Japanese supermarket retailer to 37.7%. The US retailer has an option to further increase its stake in Seiyu to 66.7% by the end of 2007.


Seiyu also said it expects to see an impact on sales and profitability after September from its affiliation with Wal-Mart.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now