Society

FamilyMart and Don Quijote enter talks on business partnership

Jun 14 (Japan Times) - Major retailer FamilyMart Uny Holdings Co. and discount store operator Don Quijote Holdings Co. have announced the launch of talks on forging a business alliance.

Specifically, the two companies are studying joint product development and procurement, and steps to streamline distribution, in order to reduce costs. They will also run stores jointly on a trial basis amid a serious labor shortage.

“We’ll be able to complement each other because our business fields and areas of operations do not overlap substantially,” Mitsuo Takahashi, a senior official of Don Quijote, said in a teleconference on Tuesday.

FamilyMart Uny, which mainly operates supermarkets and convenience stores, and Don Quijote are also considering collaborating in developing new businesses using know-how they have accumulated.

The two companies are hoping to reach a definite agreement after fleshing out the tie-up plan in about six months.

Source: ANNnewsCH

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