Title: Major Retailer Aeon Announces Initiation of Talks for Merger between Subsidiary Welcia Holdings, Largest Drugstore Chain, and Tsuruha Holdings – Agreement Reached for Industry Top Ranked Domestic Merging of 1st, 2nd, and 3rd Largest Companies in Sales.

Retail giant Aeon announced that they, along with subsidiary Welcia Holdings Co., Ltd., the largest drugstore chain, and Tsuruha Holdings Inc. have agreed to initiate discussions towards the integration of management. This merger, if successful, would create a significant consolidation in the industry, with the combined entity ranking as the top two players in domestic sales. The three companies…