New CEO of Walmart Japan and Seiyu says "not here to sell a business"

TOKYO (Reuters) – The newly appointed general manager of Walmart Japan and Japanese supermarket chain Seiyu said on Monday that he was not considering selling the Japanese supermarket after the announcement that Walmart was looking for a buyer.

"Absolutely not at all," said Lionel Desclee to the question of whether such a sale was likely. "I'm not here to sell a business."

Japanese media announced last year that Walmart was considering selling Seiyu and that a sale could rise to around 300 billion to 500 billion yen ($ 2.69 to $ 4.48 billion). ).