KKR to acquire an additional 20% stake in Seiyu from Rakuten.

KKR, a global investment firm, agreed to acquire an additional 20% stake in Seiyu, a nationwide supermarket chain, from Rakuten, a technology conglomerate. Financial terms were not disclosed. “We are pleased to deepen our relationship with Seiyu, an iconic Japanese brand in which we continue to see strong promise. We look forward to unlocking the company’s full potential through the continued strategic partnership with Rakuten and Walmart, which brings together our respective expertise in investing behind a company’s growth, global best-in-class practices, and thoughtful customer experience. Together, we remain focused on helping Seiyu continue to deliver greater value and convenience to its customers across Japan and maintain its strong growth,” Hiro Hirano, KKR CEO of Japan.