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The group was established in December 1946, and was formed in 1956 by Seibu Department Stores, a group company of Seibu Railway. In 1980, Seiyu launched its private brand Mujirushi-Ryōhin (commonly known as MUJI outside Japan).
MUJI are established as a private brand of The Seiyu, Ltd. (household articles: 9, food products: 31). 1983: Opens the first directly managed store, “MUJI Aoyama”, in Japan. 1991: Opens the first overseas store,in UK. Opens the first MUJI store,in Hong Kong. 1995: Opens the first store,in Singapore. 1998: Opens the first store,in France. 2002
Company History: The Seiyu, Ltd. (Seiyu) leads the Seiyu Group, a subgroup of the Saison Group, a diversified conglomerate with interests in retail, food, finance, real estate, entertainment, and other areas. Saison Group is one of Japan's largest retail concerns.
The department store was established in 1994 as Seiyu Wing On Department Store under a joint venture between Seiyu, Ltd (Japan) and Wing On Pte Ltd (Hong Kong). Today it operates under the BHG brand name and has become an established name in Singapore.
Nov 15, 2020 · Walmart Inc., KKR & Co. Inc. and Rakuten, Inc., today announced the signing of definitive agreements under which KKR will purchase a majority stake and a new Rakuten subsidiary will purchase a minority stake in Seiyu GK.
Nov 16, 2020 · Multinational retail corporation Walmart has signed definitive agreements to divest a majority stake in Japanese supermarket group Seiyu to investment firm KKR and e-commerce retailer Rakuten. According to the agreement, KKR will acquire a 65% stake while a recently formed subsidiary of Rakuten will purchase a 20% stake in Seiyu.
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Mar 1, 2021 · Walmart retains a 15% stake in Seiyu. KKR is making its investment from its Asia private equity fund. The new ownership structure enables Seiyu to take advantage of KKR, Rakuten and Walmart’s combined retail expertise and innovation, in addition to accelerating Seiyu’s digital transformation to become Japan’s leading omnichannel retailer.
