TOKYO: Japanese retailers Lawson Inc and Isetan Mitsukoshi Holdings Ltd are among first-round bidders for Seijo Ishii Co, an operator of high-end supermarkets, in a deal that could be worth up to US$490mil, sources familiar with the matter said.
Smaller-scale specialty stores like Seijo Ishii that fall somewhere between convenience stores and full-sized supermarkets have become a popular format in Japan as the number of elderly and single-person households increases.
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