Wal-Mart has confirmed that its Japanese supermarket chain Seiyu is on the look out for possible mergers and acquisitions next year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
A spokesperson for the US retail giant told just-food that, having completed its latest restructuring package, Wal-Mart feels Seiyu is a better proposition than at anytime since its acquisition of the Japanese chain.
For some time now Wal-Mart has been looking for potential M&A opportunities in Japan. However, Seiyu’s approaches to a number of supermarket chains came to nothing. According to analysts, Japanese retailers were cautious of possible partnerships due to Seiyu’s continued troubles.
