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Itochu to Fully Own FamilyMart

Itochu to Fully Own FamilyMart

   Tokyo, July 8 (Jiji Press)--Japanese trading house Itochu Corp. <8001> said Wednesday that it will spend some 580 billion yen to take full control of convenience store operator FamilyMart Co. <8028>.
   Itochu aims to strengthen cooperation with FamilyMart in procurement and sales as well as the digital field, including utilizing data on customer purchases, in order to survive fierce competition in the retail industry.

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AFP-JIJI PRESS NEWS JOURNAL


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