Seiyu Group (西友グループ Seiyū Gurūpu) is a Japanese operator of supermarkets, shopping centers, and department stores. Its registered head office is in Toshima, Tokyo, while its head office is in Kita, Tokyo.[1]
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History
It was founded by Seibu Department Stores in 1956, a group company of Seibu Railway. In 1980, Seiyu launched its private brand Mujirushi-Ryōhin (commonly known as MUJI outside Japan).
According to BusinessWeek Online [2], Wal-Mart, the giant American retailer, bought a 37 percent stake in Seiyu in 2002, and according to a company press release [3], in late 2005 Wal-Mart acquired a majority stake in the company which it has since increased to 95% ownership [4], and 100% ownership in 2008.
International Operation
In addition to its Japanese operations, Seiyu also has department stores operating under its name in Singapore and Hong Kong. The group used to directly operate its Singapore and Hong Kong stores, but in October 2005 its three Singapore stores were sold to CapitaLand Limited,[5] which transferred them to Beijing Hualian Group later the same year.[6] The group's Hong Kong store in New Town Plaza, Sha Tin was sold to Sun Hung Kai Properties Limited in June 2005,[7] but like the stores in Singapore it continues to operate under the Seiyu name.
Group companies
"Seiyu Group" refers to an association of companies, of which The Seiyu, Ltd. is the parent company. The companies in Seiyu Group are:
- The Seiyu, Ltd. (parent company)
- Hokkaido Seiyu Co., Ltd.
- Tohoku Seiyu Co., Ltd.
- S.S.V. Inc.
- Kyushu Seiyu Co., Ltd.
- Sunny Co., Ltd.
- Wakana Co., Ltd.
- Smile Corp.
- The SCC, Ltd.
- Nicoh Inc.
- Nijicom Ltd.
- Smis Co., Ltd.
- Seiyu Service Co., Ltd
References
- ^ "Corporate Data." Seiyu Group. Retrieved on May 19, 2009.
- ^ Japan Isn't Buying The Wal-Mart Idea
- ^ Wal-Mart - Facts & News
- ^ Bloomberg.com: Japan
- ^ "CapitaLand acquires Seiyu stores in Singapore". 2005-10-19. http://getformesingapore.com/previous2005/191005_capitalandacquiresseiyustoresinsingapore.htm. Retrieved 2006-03-25.
- ^ "Beijing Hualian buys Seiyu Singapore". China Economic Net. 2005-12-02. http://en.ce.cn/Industries/Retailing/200512/02/t20051202_5394690.shtml. Retrieved 2006-03-25.
- ^ "Sun Hung Kai Properties acquired Seiyu (Shatin) Company Limited". 2005-06-01. http://www.irasia.com/listco/hk/shkp/press/p050601.htm. Retrieved 2006-03-25.
External links
Company homepage
- (English) http://www.seiyu.co.jp/english/
- (Japanese) http://www.seiyu.co.jp/
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