Retail giant Aeon will raise its stakeholding in Japanese supermarket chain Inageya from 17 percent to over 50 percent, making Inageya its subsidiary.
The merger would strengthen Aeon’s presence in the Tokyo metropolitan area, where Inageya has about 270 stores.
The Japanese group aims to make digital-related investments and procurement of goods more cost-effective through the stake increase.
The value of the acquisition has yet to be disclosed.
Upon the transaction’s completion next year, Inageya is expected to be delisted.
Aeon will make additional investments in a few years to make Inageya a subsidiary of United Super Markets Holdings, which owns Kasumi Co., Maruetsu Inc, and MaxValu Kanto Co.
Inageya was founded as a fresh fish merchant in Tokyo in 1900 before becoming the city’s major supermarket chain.


Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey
Every generation thinks they had it the toughest, but for Gen Z, they’re probably right
Canada’s local food system faces major roadblocks without urgent policy changes
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit
Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification
The American mass exodus to Canada amid Trump 2.0 has yet to materialize
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 



