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REUTERS/Kim Kyung-Hoon Aeon Co Ltd’s logo is seen on its shopping mall in Chiba, Japan November 3, 2016.
Jiji Press
11:28 JST, April 26, 2023
TOKYO (Jiji Press) — Japanese retail giant Aeon Co. plans to make Inageya Co., a major supermarket chain in the greater Tokyo area, a consolidated subsidiary, it was learned Tuesday.
Aeon, already the largest Inageya shareholder with a 17.01% stake, will increase the ownership to over 50%, sources said.
Aeon hopes to procure products and promote digitization-related investment with Inageya, aiming to boost profitability at a time when energy, labor and other costs are rising.
Inageya was founded in 1900 as a fish seller in Tachikawa. The company now operates a total of 276 Inageya supermarkets and Welpark drugstores.
