Food Retail & Distribution

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Toho announces merger between subsidiaries

Monday, 25 May 2015 02:00am EDT

Toho Co Ltd:Says a Tochigi-based wholly owned subsidiary to merge with two other wholly owned subsidiaries of the company, which are located in Gunma and Ibaraki, on Oct. 1.The Tochigi-based subsidiary to be surviving company and the other two subsidiaries to be dissolved.Three subsidiaries are all engaged in wholesale of food for business uses.

VALOR updates transition to holding company

Friday, 8 May 2015 12:00am EDT

VALOR CO LTD:Establishes two wholly owned subsidiaries as successor preparatory companies on April 1, which will take supermarket business as well as home center and pet shop business from the company respectively, following its transition to holding company effective Oct. 1.

MARUKYU announces merger between subsidiary and sub-subsidiary

Friday, 10 Apr 2015 01:00am EDT

MARUKYU CO LTD:Subsidiary Chuo food to merge with a Yamaguchi-based sub-subsidiary of the company, engaged in real estate leasing, effective Sep. 1.Yamaguchi-based sub-subsidiary to be dissolved.

Notice regarding commencement of discussions concerning the management integration between Familymart and UNY Group Holdings

Tuesday, 10 Mar 2015 03:00am EDT

Familymart Co Ltd:Announce that the respective boards of the two companies have approved commencement of discussions concerning management integration (“Management Integration”) in the spirit of treating both companies as equals, and entered into a memorandum of understanding.Subject to approval in General Shareholders Meetings and completion of regulatory approvals, the Management Integration will take the form of an absorption-type merger (“Absorption-Type Merger”).FamilyMart will be the surviving company of the Absorption-Type Merger and UNY Group Holdings will be merged into FamilyMart.Upon the completion of the Absorption-Type Merger, FamilyMart’s CVS business will be transferred to CKS through the form of the absorption-type demerger (“Absorption-Type Demerger”).Planned effective in Sep. 2016.

Notice regarding commencement of discussions concerning the management integration between Familymart and UNY Group Holdings

Tuesday, 10 Mar 2015 03:00am EDT

Familymart Co Ltd:Announce that the respective boards of the two companies have approved commencement of discussions concerning management integration (“Management Integration”) in the spirit of treating both companies as equals, and entered into a memorandum of understanding.Subject to approval in General Shareholders Meetings and completion of regulatory approvals, the Management Integration will take the form of an absorption-type merger (“Absorption-Type Merger”).FamilyMart will be the surviving company of the Absorption-Type Merger and UNY Group Holdings will be merged into FamilyMart.Upon the completion of the Absorption-Type Merger, FamilyMart’s CVS business will be transferred to CKS through the form of the absorption-type demerger (“Absorption-Type Demerger”).Planned effective in Sep. 2016.

Makiya announces merger between subsidiaries

Wednesday, 4 Feb 2015 01:00am EST

Makiya Co Ltd:Says two wholly owned subsidiaries to merge with each other, effective April 1.One subsidiary to be the surviving company and the other subsidiary to be dissolved.The surviving subsidiary is engaged in logistics and operation of lean meat processing center and the dissolved subsidiary is engaged in production of daily dish, in Shizuoka, Japan.

Tesco PLC says UK store closures put 2,000 jobs at risk - Reuters

Wednesday, 28 Jan 2015 08:28am EST

Tesco PLC:Up to 2,000 people could lose their jobs when the group closes the 43 unprofitable stores it plans to shut - Reuters.They consist of 18 Express stores, 12 Metro stores, seven superstores and six Homeplus stores.Tesco is consulting affected staff and it said wherever possible it would offer alternative roles.Plans to close the stores on Jan. 8 as part of new boss Dave Lewis' plan to fight back from years of market share losses and an accounting scandal.

MARUKYU CO LTD announces merge between subsidiaries

Monday, 15 Dec 2014 03:30am EST

MARUKYU CO LTD:Subsidiary Chuo food CO.,LTD plans to merge with subsidiary Chuoshoji Co., Ltd.Merger effective date on March 1, 2015.Says the subsidiary Chuoshoji Co., Ltd will be dissolved after the transaction.

MARUKYU CO LTD to dissolve subsidiary

Monday, 15 Dec 2014 03:30am EST

MARUKYU CO LTD:To dissolve a subsidiary located in Yamaguchi, Japan, which has been engaged in financing business for union members, on Jan. 31, 2015.The liquidation will be completed on April 30, 2015.The company is holding 100 pct stake indirectly in the subsidiary.

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