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Wal-Mart International CEO sees Japan acquisitions

from Reuters

Wal-Mart Stores Inc. could use some acquisitions to help increase its business in Japan, said Doug McMillon, president and chief executive of Wal-mart International. While McMillon did not specifically address any deals Wal-Mart might be considering, Tesco Plc. put its Japanese business up for sale. Sources told Reuters that Tesco hired Goldman Sachs to advise it on selling 129 stores in the greater Tokyo area. more

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