TOKYO -- Japan's two biggest drugstore chains, Welcia and Tsuruha, announced plans to merge with major retailer Aeon on Wednesday, aiming to create the world's fifth-largest drugstore company and tap into aging populations in China and Southeast Asia.
Retail
Japan drugstore chains join with Aeon to form world's fifth largest
Welcia and Tsuruha unite to expand in Asia and capture demand from aging population
The merger will occur over several years in a series of transactions. (Source photos by Nikkei)
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