Japanese retailer FamilyMart Uny to buy 20% in rival Don Quijote for $1.9b

Japanese retailer FamilyMart Uny to buy 20% in rival Don Quijote for $1.9b

A customer exits a FamilyMart Co. convenience store at dusk in Tokyo, Japan. Photographer: Kiyoshi Ota/Bloomberg

Japanese retailer FamilyMart Uny Holdings Co said it had offered to buy a 20 percent stake in rival Don Quijote Holdings Co for $1.9 billion, as the two companies try to weather a rapidly changing competitive landscape.

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