Seiyu Group

Seiyu Group
Subsidiary
Industry Retail
Founded 1946 (1946)
Headquarters Akabane, Kita, Tokyo
Number of locations
 343[1]
Key people
 Takeshi Kamigouchi (CEO)[1]
Products Grocery, general merchandise
Revenue see Walmart
Parent Walmart
Website seiyu.co.jp

Seiyu GK (合同会社西友 Gōdō Gaisha Seiyū) or Seiyu Group (西友グループ Seiyū Gurūpu) is a Japanese group of supermarkets, shopping centers, and department stores owned by Wal-Mart Stores, Inc. Its head office is in Akabane, Kita, Tokyo.[1][2]

History

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 was transferred to Ryohin-Keikaku[3] in 1990, and is no longer part of Seiyu.

On December 31, 2003, Seiyu and Walmart signed a partnership agreement in which Walmart would teach global supply chain practices.[4] Numazu, Japan was the site of the first Seiyu store using Walmart methods.[4]

Walmart bought a 37 percent stake in Seiyu in 2002,[5] and according to a company press release,[6] in late 2005 Walmart acquired a majority stake in the company, which it has since increased to 100% ownership in 2008.[7]

Previously, the company had a registered office in Higashi-Ikebukuro, Toshima, Tokyo.[8]

Stores outside Japan

In addition to its Japanese operations, Seiyu also had department stores operating under its name in Singapore and Hong Kong. The group used to directly operate these stores, but in October 2005, its three Singapore stores were sold to CapitaLand Limited,[9] which transferred them to Beijing Hualian Group later the same year.[10] The group's Hong Kong store in New Town Plaza, Sha Tin was sold to Sun Hung Kai Properties Limited in June 2005,[11] but like the stores in Singapore, continued to operate under the Seiyu name until April 2008. Then, the store was renamed as BHG which stands for "Be Here for Good things".

Group companies

Seiyu Group refers to an association of companies, of which The Seiyu, Ltd. is the parent. The companies in Seiyu Group are:

References

  1. 1 2 3 "Company Profile." Seiyu. Retrieved on November 7, 2011. "Head Office 1-1, Akabane 2-chome, Kita-ku, Tokyo 115-0045, Japan"
  2. ↑ "ACCESS:HEAD QUARTER." Seiyu. Retrieved on November 7, 2011. "Seiyu GK 1-1, Akabane 2-chome, Kita-ku, Tokyo, Japan 115-0045"
  3. ↑ http://ryohin-keikaku.jp/eng/corporate/history/index.html
  4. 1 2 Friedman, Thomas (2006). The World is Flat. New York: Farrar, Straus, and Giroux. p. 166. ISBN 978-0-374-29279-9.
  5. ↑ Japan Isn't Buying The Wal-Mart Idea
  6. ↑ Wal-Mart – Facts & News
  7. ↑
  8. ↑ "Corporate Data." Seiyu Group. Retrieved on May 19, 2009. "Registered Head Office 1-1, Higashi-Ikebukuro 3-chome, Toshima-ku, Tokyo, Japan 170-6071" and "Head Office 1-1, Akabane 2-chome, Kita-ku, Tokyo, Japan 115-0045"
  9. ↑ "CapitaLand acquires Seiyu stores in Singapore". October 19, 2005. Retrieved March 25, 2006.
  10. ↑ "Beijing Hualian buys Seiyu Singapore". China Economic Net. December 2, 2005. Retrieved March 25, 2006.
  11. ↑ "Sun Hung Kai Properties acquired Seiyu (Shatin) Company Limited". June 1, 2005. Retrieved March 25, 2006.

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