TOKYO -- Itochu has raised its stake in FamilyMart to 65.7% through a tender offer, the Japanese trading house said on Tuesday, as it tries to quell a disagreement on how best to reboot the convenience chain that has long suffered from a lack of hit products.
Business deals
FamilyMart to speed up reforms with Itochu's backing
As convenience chain struggles with product lineup, trading house takes 65.7% stake
Japanese trading house Itochu expects to have a better shot at turning around FamilyMart now that it has a controlling stake in the convenience chain. (Source photos by Nikkei)
Read Next
Latest on Business deals
