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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!