Japan’s state-owned postal service is reported to be buying a stake in Lawson, the country’s third largest convenience retailer.
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According to a Reuters report today (12 February), the two companies are expecting 800 stores to be selling Lawson products and postal services within three years in the latest move to combine postal and retailing.
“Until Japan Post goes public, it won’t be possible for both companies to hold each other’s shares at the same time,” said Yoshifumi Nishikawa, president of Japan Post. “But so long as it is fine for just one side to take stake for a while, we can acquire Lawson shares.”
He added that the company had yet to decide how many Lawson shares it would buy.
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