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Seiyu expects to incur annual net loss for 6th straight year

Seiyu expects to incur annual net loss for 6th straight year

TOKYO, Japan - Seiyu Ltd. Chief Executive Officer Edward James Kolodzieski said at a press conference in Tokyo on Aug. 14 that the Japanese retail unit of Wal-Mart Stores Inc. now expects a 5.9 billion yen group net loss for its current business year to Dec. 31 for a sixth consecutive year of red ink.

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New Seiyu CEO

New Seiyu CEO

TOKYO, Japan - File photo shows Steve Dacus from the United States, who replaced Toru Noda as chief executive officer of major Japanese supermarket chain Seiyu GK, a wholly owned arm of Wal-Mart Stores Inc., on June 20, 2011.

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Wal-Mart to launch tender offer for Seiyu

Wal-Mart to launch tender offer for Seiyu

TOKYO, Japan - Brett Biggs (L), Wal-Mart Stores Inc.'s senior vice president, and Ed Kolodzieski, chief executive officer of Seiyu Ltd., pose for photographers at a news conference in Tokyo on Oct. 22 where Wal-Mart, the parent company of Seiyu, announced it will launch a tender offer for Seiyu and turn the struggling Japanese supermarket chain into a wholly owned subsidiary. Seiyu became a Wal-Mart subsidiary in December 2005 and is now owned 50.94 percent by Wal-Mart.

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Seiyu appoints Wal-Mart official as chief exec.

Seiyu appoints Wal-Mart official as chief exec.

TOKYO, Japan - Japanese retailer Seiyu Ltd. on Nov. 2 announced the appointment of Edward Kolodzieski (in handout photo), senior vice president and chief operating officer of Wal-Mart International, as president and chief executive officer. Seiyu is soon to become a subsidiary of the U.S. retail chain Wal-Mart Stores Inc.

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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.

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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.

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German retailer Metro to open outlet in Japan with Marubeni

German retailer Metro to open outlet in Japan with Marubeni

TOKYO, Japan - Hans-Joachim Koerber (R), chairman of Germany's Metro AG, the world's No. 3 retailer, meets the press in Tokyo on April 13. Koerber said his company and Japanese trading house Marubeni Corp. have agreed to set up a joint venture and open a Metro outlet in the Tokyo area next summer. Metro, with annual sales worth the equivalent of 5 trillion yen, is in the same retail league as U.S.-based Wal-Mart Stores Inc. and France's Carrefour SA.

  •  
Seiyu appoints Wal-Mart official as chief exec.

Seiyu appoints Wal-Mart official as chief exec.

TOKYO, Japan - Japanese retailer Seiyu Ltd. on Nov. 2 announced the appointment of Edward Kolodzieski (in handout photo), senior vice president and chief operating officer of Wal-Mart International, as president and chief executive officer. Seiyu is soon to become a subsidiary of the U.S. retail chain Wal-Mart Stores Inc. (Kyodo)

  •  
Seiyu expects to incur annual net loss for 6th straight year

Seiyu expects to incur annual net loss for 6th straight year

TOKYO, Japan - Seiyu Ltd. Chief Executive Officer Edward James Kolodzieski said at a press conference in Tokyo on Aug. 14 that the Japanese retail unit of Wal-Mart Stores Inc. now expects a 5.9 billion yen group net loss for its current business year to Dec. 31 for a sixth consecutive year of red ink. (Kyodo)

  •  
Wal-Mart to launch tender offer for Seiyu

Wal-Mart to launch tender offer for Seiyu

TOKYO, Japan - Brett Biggs (L), Wal-Mart Stores Inc.'s senior vice president, and Ed Kolodzieski, chief executive officer of Seiyu Ltd., pose for photographers at a news conference in Tokyo on Oct. 22 where Wal-Mart, the parent company of Seiyu, announced it will launch a tender offer for Seiyu and turn the struggling Japanese supermarket chain into a wholly owned subsidiary. Seiyu became a Wal-Mart subsidiary in December 2005 and is now owned 50.94 percent by Wal-Mart. (Kyodo)

  •  
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.

  •  
New Seiyu CEO

New Seiyu CEO

TOKYO, Japan - File photo shows Steve Dacus from the United States, who replaced Toru Noda as chief executive officer of major Japanese supermarket chain Seiyu GK, a wholly owned arm of Wal-Mart Stores Inc., on June 20, 2011. (Kyodo)

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Rakuten ties up with Wal-Mart

Rakuten ties up with Wal-Mart

Rakuten Inc. CEO Hiroshi Mikitani (L) speaks, alongside Wal-Mart Stores Inc. CEO Doug McMillon, at a press conference in Tokyo on Jan. 26, 2018, after announcing their business tie-up to launch an online grocery delivery service in Japan. (Kyodo) ==Kyodo

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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)

  •  
German retailer Metro to open outlet in Japan with Marubeni

German retailer Metro to open outlet in Japan with Marubeni

TOKYO, Japan - Hans-Joachim Koerber (R), chairman of Germany's Metro AG, the world's No. 3 retailer, meets the press in Tokyo on April 13. Koerber said his company and Japanese trading house Marubeni Corp. have agreed to set up a joint venture and open a Metro outlet in the Tokyo area next summer. Metro, with annual sales worth the equivalent of 5 trillion yen, is in the same retail league as U.S.-based Wal-Mart Stores Inc. and France's Carrefour SA.

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