Sumitomo Mulling Investment in Ito-Yokado
Tokyo, Nov. 27 (Jiji Press)--Sumitomo Corp. is considering investing in an intermediate holding company that controls supermarket chain Ito-Yokado Co., people familiar with the matter said Wednesday.
The Japanese trading house apparently hopes for a synergy effect between the Summit supermarket chain it operates in the Tokyo metropolitan area and Ito-Yokado.
(2024/11/27-13:53)
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