RAKUTEN DX SOLUTION

KKR and Rakuten Complete Seiyu Share Purchase from Walmart

Retrieved on: 
Monday, March 1, 2021
Professional services, Retail, Discount, Variety, Supermarket, Finance, Banking, Retailers, Retailing, Companies, Rakuten, Walmart, Seiyu Group, Kohlberg Kravis Roberts, Everyday low price, Seiyu:, KKR:, Rakuten:, Rakuten DX Solution, Walmart

KKR, Rakuten, Inc., (Rakuten) and Walmart Inc. (Walmart) today announced that KKR and Rakuten subsidiary, Rakuten DX Solution, have completed their previously announced share purchases in Seiyu GK (Seiyu or the Company) from Walmart.

Key Points: 
  • KKR, Rakuten, Inc., (Rakuten) and Walmart Inc. (Walmart) today announced that KKR and Rakuten subsidiary, Rakuten DX Solution, have completed their previously announced share purchases in Seiyu GK (Seiyu or the Company) from Walmart.
  • KKR, Rakuten and Walmart are committed to supporting Seiyus growth and long-term strategy in Japan and look to build on Seiyus success as a local-value retailer of choice.
  • In addition, Rakuten Seiyu Netsuper, jointly operated by Seiyu and Rakuten, recorded a nearly 40% year-on-year increase in gross merchandise sales in the fourth quarter of 2020.
  • Offering Everyday Low Prices to our customers, Seiyu contributes to making their everyday life more convenient as a leading, innovative, local value retailer, now powered by KKR, Rakuten and Walmart.

KKR and Rakuten to Acquire Stakes in Seiyu from Walmart, Focus on Accelerating Digital Transformation of Japanese Retail: Seiyu Positioned to Become Japan’s Leading Omnichannel Retailer

Retrieved on: 
Sunday, November 15, 2020
Discount, Variety, Department Stores, Other Retail, Finance, Banking, Supermarket, Professional services, Food, Beverage, Retail, Online Retail, Retailers, Retailing, Companies, Rakuten, Omnichannel, Walmart, Seiyu Group, Digital transformation, Kohlberg Kravis Roberts, Walmart, Seiyu, KKR, Rakuten:, Rakuten DX Solution

KKR, Rakuten and Walmart are committed to supporting Seiyus growth and this unique ownership structure reflects a shared belief in Seiyus long-term strategy in Japan.

Key Points: 
  • KKR, Rakuten and Walmart are committed to supporting Seiyus growth and this unique ownership structure reflects a shared belief in Seiyus long-term strategy in Japan.
  • Last year, Seiyu launched an ambitious strategy to accelerate growth through a more concerted focus on providing value, fresh produce and digital convenience to customers.
  • Together, the three companies look to bring complementary strengths to build on Seiyus momentum and support its efforts to become Japans leading omnichannel retailer.
  • Rakuten will further accelerate digital transformation of Seiyu and other Japanese retailers through its new subsidiary Rakuten DX Solution, leveraging its 100M+ membership base and technology.