- Published on Tuesday, 29 May 2012 08:07
- Written by Staff Reporter
CHINA/JAPAN – Lawson Inc recently set up a wholly owned holding company that will control the Japanese retailer’s business investment, license management and administrative management duties in China.
Based in Shanghai, Lawson (China) Holdings Inc has a total capital of RMB 600 million (¥8 billion / US$100 million), and will be headed by its president Motonobu Miyake; Lawson China’s chairman is Takeshi Niinami, who is also Lawson Inc’s president and CEO.
Lawson China will have responsibility over the retailer’s 319 convenience stores in Shanghai, 41 stores in Chongging, and 5 in Dalian - these outlets had initially been set up through locally incorporated companies which will now be controlled by Lawson China.
In addition, without going into details, the company said it plans to expand “into major Chinese cities and their surrounding areas, which are experiencing remarkable economic development”.
Lawson China also intends to expand their licensing business within the Mainland.