Tsuneo Okubo to take charge of Seiyu as Investment firm KKR becomes majority shareholder

JAPAN – Seiyu’s shareholders confirmed the appointment of Mr. Tsuneo Okubo as CEO even as the Japanese retail chain confirms change of ownership structure. According to a statement from Seiyu, leading global investment firm KKR will now become the majority shareholder in Seiyu after completing the process of acquiring shares of the Japanese supermarket from American retail chain Walmart. With the completion of the transactions, KKR now owns a 65% stake in Seiyu while Japanese technology company Rakuten will control a 20% stake in the chain. The US retail giant…

Read More