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Walmart Prunes Portfolio in Focus on Growth Markets

With pent-up demand, speed to market has never been more important. But port congestion, tariff impacts, the Uyghur crackdown and Covid uncertainty is making it difficult to restock the racks. Join Sourcing Journal on July 8 at 2 pm ET to learn how to sidestep the worst of the logistics roadblocks.

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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