Asia News & Thailand News

H2O Retailing, Takashimaya to partner

Written by Chang on Sunday, October 12th, 2008

H2O Retailing, Takashimaya to partner

TOKYO - Two department store operators, H2O Retailing Corp and Takashimaya Co, said Friday they have decided to forge a business and capital alliance with an eye toward a merger in three years’ time.

Initial plans call for each firm to purchase a stake of about 10% in the other by around February 2009, and if the collaboration works out, the partners will consider merging their management.

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News Topics : Business Capital, Capital Alliance, Collaboration, Department Store, H2o, Initial Plans, Merger, Partner, Stake, Store Operators, Takashimaya, Tokyo