U.S. retailer Walmart is selling off 85 percent of its wholly owned Japanese supermarket subsidiary Seiyu, while retaining a 15 percent stake, in a deal valued at 172.5 billion ($1.6 billion), the ...

Tsuneo Okubo, CEO of Seiyu, said: “We would like to thank our longstanding shareholders, including KKR and Walmart, for their support, which has enabled us to create substantial value for our ...