Seiyu’s New CEO Doesn’t Plan to Sell Company — Reuters

Seiyu store in Japan

Seiyu’s new CEO has publicly dispelled rumors that Walmart intends to sell off the Japanese retail brand:

“’I’m not here to sell a business,’ Lionel Desclee told reporters in Tokyo in his first public remarks since his appointment on Friday. ‘Absolutely not at all.’”

P.S. Walmart’s international plans are seemingly always in flux. Learn how you can keep up to date with Walmart’s expectations for all suppliers through 8th & Walton’s classes. Check out our catalog today.

Facebook Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

shares