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Walmart Prunes Portfolio in Focus on Growth Markets

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Walmart Inc. is selling an 85 percent stake in its supermarket chain Seiyu to American private equity firm KKR & Co. Inc. and Japanese e-commerce platform Rakuten Inc. for $1.65 billion. The deal, once it closes in the first quarter of 2021 after garnering regulatory approvals, will have KKR—which made the purchase through its Asian…

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