Seiyu to cut 1,600 jobs to streamline operations

Seiyu to cut 1,600 jobs to streamline operations

TOKYO, Japan - Seiyu Ltd. President Masao Kiuchi speaks at a press conference in Tokyo on Jan. 16. He said the supermarket chain operator it will cut up to 1,600 jobs in its group workforce through a voluntary retirement program in a bid to streamline operations.

Seiyu accepts 5 Wal-Mart execs as board members

Seiyu accepts 5 Wal-Mart execs as board members

TOKYO, Japan - Seiyu Ltd. President Masao Kiuchi (R) speaks at a news conference in Tokyo on March 26, flanked by Jeff McAllister, senior vice president and chief operating officer of Wal-Mart International. McAllister is one of five Wal-Mart representatives appointed to Seiyu's board of directors. Wal-Mart became the largest shareholder of Seiyu in December 2002 by buying new shares issued by Seiyu to take an equity stake of 37.7%.

Wal-Mart to become biggest shareholder of Seiyu

Wal-Mart to become biggest shareholder of Seiyu

TOKYO, Japan - John Menzer (L), president and chief executive officer of Wal-Mart International, and Seiyu Ltd. President Masao Kiuchi attend a news conference in Tokyo on Dec. 12 as the U.S. retailer Wal-Mart Stores Inc. will become the largest shareholder of Seiyu.

Seiyu, Wal-Mart agree to form comprehensive alliance

Seiyu, Wal-Mart agree to form comprehensive alliance

TOKYO, Japan - Masao Kiuchi (R), president of Seiyu Ltd., Charles Holley (C), senior vice president and chief financial officer of Wal-Mart Stores Inc., and Fumio Wada, vice president of Sumitomo Corp., join hands at a news conference at a hotel in Tokyo on March 14. Japan's supermarket chain operator Seiyu and the world's largest retailer, Wal-Mart, have agreed to form a comprehensive alliance. Under the agreement, trading house Sumitomo, Seiyu's largest shareholder, will increase its stake in Seiyu.

Seiyu, Wal-Mart agree to form comprehensive alliance

Seiyu, Wal-Mart agree to form comprehensive alliance

TOKYO, Japan - Masao Kiuchi (R), president of Seiyu Ltd., Charles Holley (C), senior vice president and chief financial officer of Wal-Mart Stores Inc., and Fumio Wada, vice president of Sumitomo Corp., join hands at a news conference at a hotel in Tokyo on March 14. Japan's supermarket chain operator Seiyu and the world's largest retailer, Wal-Mart, have agreed to form a comprehensive alliance. Under the agreement, trading house Sumitomo, Seiyu's largest shareholder, will increase its stake in Seiyu.

Seiyu accepts 5 Wal-Mart execs as board members

Seiyu accepts 5 Wal-Mart execs as board members

TOKYO, Japan - Seiyu Ltd. President Masao Kiuchi (R) speaks at a news conference in Tokyo on March 26, flanked by Jeff McAllister, senior vice president and chief operating officer of Wal-Mart International. McAllister is one of five Wal-Mart representatives appointed to Seiyu's board of directors. Wal-Mart became the largest shareholder of Seiyu in December 2002 by buying new shares issued by Seiyu to take an equity stake of 37.7%. (Kyodo)

Seiyu to cut 1,600 jobs to streamline operations

Seiyu to cut 1,600 jobs to streamline operations

TOKYO, Japan - Seiyu Ltd. President Masao Kiuchi speaks at a press conference in Tokyo on Jan. 16. He said the supermarket chain operator it will cut up to 1,600 jobs in its group workforce through a voluntary retirement program in a bid to streamline operations. (Kyodo)

Wal-Mart to become biggest shareholder of Seiyu

Wal-Mart to become biggest shareholder of Seiyu

TOKYO, Japan - John Menzer (L), president and chief executive officer of Wal-Mart International, and Seiyu Ltd. President Masao Kiuchi attend a news conference in Tokyo on Dec. 12 as the U.S. retailer Wal-Mart Stores Inc. will become the largest shareholder of Seiyu. (Kyodo)