Retail in Asia

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McDonald’s looks at selling stake in Japan unit

McDonald’s Corp. is studying selling a stake in its loss-making Japan unit to a "strategic investor", as the world’s largest fast-food chain reviews its global ownership strategies.

McDonald’s is seeking to sell as much as 33 percent of outstanding shares in the Japan unit and has met potential buyers including trading houses and investment funds, the Nikkei Shimbun newspaper reported in December.

Several funds including Bain Capital LLC and Permira likely have submitted bids, at levels significantly below what McDonald’s is seeking, Nikkei reported last week without citation.