Japanese and French giants shake hands in e-commerce deal

Sumitomo, one of Japan’s almighty general trading houses (sogo shosha), will buy a 34% stake in Hachette Fujingaho [JP], the Tokyo-based subsidiary from Lagardère Active, a media conglomerate headquarted in Paris. The two companies already signed a basic agreement on January 14 with the deal being worth 5 billion Yen (55 million USD/42 million Euros). Sumitomo… Continue reading Japanese and French giants shake hands in e-commerce deal