Don Quijote acquires Olympic supermarket chain in the Tokyo metropolitan area; rising prices spur retail consolidation.

For those wishing to share this article within their company, reproduce or copy it for meeting materials, or order printed copies, please see the link provided. It was learned on the 4th that Pan Pacific International Holdings (PPIH), the operator of "Don Quijote," will acquire the major supermarket group Olympic. The acquisition will convert stores in the Tokyo metropolitan area into new formats primarily focused on food sales. The retail industry's profit environment is deteriorating due to rising prices and labor shortages. The gap between companies that increase productivity through digital investments to absorb cost increases and those that continue to struggle is becoming increasingly clear.