Trial to acquire Seiyu from KKR and Walmart for $2.5bn.

Trial, a Japanese holding company focused on distribution and retail businesses, agreed to acquire Seiyu, a Japanese supermarket chain, from KKR, a private equity firm, and Walmart, an American multinational retail corporation, for $2.5bn. “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 customers and business. Over the past few years, we have leveled up our merchandising strategies and in-store operational capabilities while reinvesting in our stores, employees, and IT capabilities as part of our transformation. We now look forward to building on this success with the support of our new shareholder Trial in Seiyu’s next chapter," Tsuneo Okubo, Seiyu CEO.