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JAPAN HIGHLIGHTS IN RETAILING MARKET OCTOBER 2006 Aeon Co Aeon Co., Japan's largest supermarket chain, sold 189.3 billion yen ($1.6 billion) of shares to raise funds for expansion. The Chiba-based retailer currently has 1,159 stores and about 150 discounters nationwide. The issuance of new shares and bonds is a part of the company’s strategy of acquiring smaller rival retailers and opening more stores. Company president Motoya Okada wants the retailer to become one of the world's 10 biggest and thwart expansion efforts by overseas rivals such as Wal-Mart Stores Inc. Aeon is in talks to acquire a 15 percent stake in Daiei Inc. from Marubeni Corp. and 20 percent of supermarket operator Maruetsu Inc. from Daiei in a deal worth about 53 billion yen. KEY STATISTICS Retail trade turnover
Population: 127,463,611 (July 2006 est.) |
Retailing Industry Australia >> Canada >> China >> France >> Germany >> Hong Kong >> India >> Indonesia >> Italy >> Japan >> Malaysia >> Netherlands >> Pakistan >> Philippines >> Russia >> Saudi Arabia >> South Korea >> Singapore >> Spain >> Switzerland >> Taiwan >> Thailand >> United Kingdom >> United States >> Vietnam >> |
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