Walmart sells majority stake in Japanese supermarket chain Seiyu

Walmart store

US retail giant Walmart has sold its majority stake in Japanese grocery chain Seiyu for $1.6bn, continuing its retreat from international markets.

Walmart completed the sale of 85% of its stake in Seiyu to private equity group KKR and Japanese ecommerce giant Rakuten, with the American retailer set to retain 15% of the remaining shares. 

KKR will become the majority shareholder, having bought 65% of Walmart’s stake, with Rakuten taking 20% of Seiyu, which operates more than 300 supermarkets across Japan and employs more than 35,000 people. 

In a statement on the deal, Walmart said it expected to incur a non-cash loss of around $2bn in its fourth quarter as a result of the disposal. 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.