Walmart said it is selling a majority stake in its wholly-owned Japanese unit to private equity firm KKR and Japanese e-commerce company Rakuten. The sale of the Japanese unit, the Seiyu supermarket chain, is part of Walmart’s effort to revise its global strategy and divest its assets in markets where it has struggled to expand. In China, Walmart in 2016 sold its local e-commerce business to...
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Apple’s Hiccup, Blue Apron Gets Picked Up
It’s hard to feel sympathy for Apple, given how much money it makes ($9.2 million in net income every hour in the most recent quarter). But the flood of complaints on social media about overheating in the latest line of iPhones makes you feel a bit for the tech giant and its executives. Here’s a company that wanted to make its high-end phones lighter by using titanium, and what sounds like a...
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