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Department Stores

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Isetan Mitsukoshi Holdings to transfer business to subsidiary

Thursday, 28 Jan 2016 11:00pm EST

Isetan Mitsukoshi Holdings Ltd:Says to transfer investment business to a new wholly owned subsidiary that established on Jan. 20 in Japan.Planned effective April 1.

Matsuya unit to transfer business to co's new subsidiary

Thursday, 14 Jan 2016 01:00am EST

Matsuya Co Ltd:Says its Tokyo-based subsidiary to transfer whole wedding business to the co's new subsidiary which to be established on April 1.

Macy's Inc outlines cost efficiency initiatives and lists store locations to be closed

Wednesday, 6 Jan 2016 04:00pm EST

Macy's Inc:Says measures that will reduce sg&a expense by approximately $400 million.Says consolidating the grouping of existing macy's stores into five Regions and 47 local districts.Says reducing an additional 600 positions in back-office organizations.Company today listed 40 macy's store closings.Of the 40, 36 will be closed in early spring 2016.Approximately $200 million of charges, of which about $165 million is expected to be cash, are expected to be booked in Q4 of 2015.Average of 3 to 4 positions to be affected in macy's and bloomingdale's about 770 going-forward stores, for 3,000 affected associates nationwide.Approximately 35 percent of executive positions granted voluntary separation opportunity, will not be replaced.

Zhongxing Shenyang Commercial Building Group to dissolve wholly owned subsidiary

Wednesday, 30 Dec 2015 07:00pm EST

Zhongxing Shenyang Commercial Building Group Co Ltd:To dissolve a wholly owned Fushun-based commerce subsidiary.

Aeon to take over asset and debt from The Daiei and transfer asset to AEON RETAIL

Thursday, 17 Dec 2015 01:00am EST

Aeon Co Ltd:To take over asset and debt from its wholly owned subsidiary The Daiei, Inc., effective on March 1, 2016.To transfer assets to its wholly owned subsidiary AEON RETAIL Co., Ltd., effective on March 1, 2016.

Falabella Peru SAA to reorganize its real estate business

Friday, 11 Dec 2015 03:07pm EST

Falabella Peru SAA:The company and its unit Open Plaza SA to reorganize its real estate business in order to develop it directly through one branch.As part of the restructuring, decided to divide Aventura Plaza SA into two companies, one of which will remain under Falabella Peru's management.

Yinchuan Xinhua Commercial (Group) to merge with wholly owned subsidiaries

Tuesday, 8 Dec 2015 07:00pm EST

Yinchuan Xinhua Commercial (Group) Co Ltd:To merge with three Yinchuan-based wholly owned subsidiaries and the subsidiaries will dissolve after merger.One subsidiary is engaged in real estate investment, one subsidiary is engaged in instrumentation, air conditioning and refrigeration equipment and one subsidiary is engaged in wholesale and retail of dairy.

Aeon Mall to fully acquire Aeon 's sub-subsidiary OPA through stock swap

Tuesday, 17 Nov 2015 01:00am EST

Aeon Mall Co Ltd:Says Aeon Co Ltd's 50.1 pct owned subsidiary Aeon Mall Co Ltd to fully acquire Aeon 's wholly owned sub-subsidiary OPA co.,ltd through stock swap, with effective on March 1, 2016.Details to be determined.

Nissen Holdings announces result of early-retirement program and expects extraordinary loss for Q3 of FY 2015

Thursday, 15 Oct 2015 02:00am EDT

Nissen Holdings Co Ltd:Says 147 employees took up the offer of the early-retirement program announced on Aug. 17.Effective date of retirement is Oct. 31.A premium will be added to the normal retirement allowance of eligible applicants.Says eligible applicants will also have the option to receive job-placement assistance.Expects extraordinary loss of about 700 mln yen for Q3 of fiscal year ending Dec. 2015 for the early-retirement program.


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