The Associated Press reports that Seiyu Ltd. shareholders approved the addition of five nominees from Wal-Mart to its board of directors, further cementing its relationship with the company that owns more than a third of its stock.
The company says that operational and supply chain advantages shared by Wal-Mart will start to be seen in its balance sheet later this year.
"We can now say that we are truly working effectively with Wal-Mart at all levels, and across all business areas, to instigate and motivate positive change from within Seiyu," Seiyu president Masao Kiuchi told the AP.
The company says that operational and supply chain advantages shared by Wal-Mart will start to be seen in its balance sheet later this year.
"We can now say that we are truly working effectively with Wal-Mart at all levels, and across all business areas, to instigate and motivate positive change from within Seiyu," Seiyu president Masao Kiuchi told the AP.
- KC's View:
