Society

Cozy fit: Beanbag chair maker Yogibo bought by Japanese distributor

Jan 13 (Nikkei) - Yogibo, an American company known for its beanbag furniture, has been acquired by the company distributing its products in Japan, one of its biggest markets.

Web-Shark bought the New Hampshire-based company in late December in a deal believed to be valued at more than 10 billion yen ($87 million).

Yogibo, established in 2009, makes and sells chairs, sofa and other foam-bead-filled furniture that molds to the user's body. It had a presence in eight markets at the end of 2021, including the U.S., Japan and South Korea. The company does not publicly release sales data, according to Web-Shark's announcement.

Web-Shark became Yogibo's Japanese sales agent in 2014, and won fans with its own unique products and appealing store designs. The country now hosts nearly 70% of Yogibo's roughly 130 stores worldwide.

Takaiichi and Trump Emphasize Importance of Japan-U.S. Alliance

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Trump Meets Japan's Emperor for First Time in Six Years

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Woman Found Dead Near Rice Field in Akita, Bear Attack Suspected

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Nikkei Closes Above 50,000 for the First Time Ever

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McDonald's Japan to End Paper Straws

McDonald's Japan announced it will phase out the use of paper straws and introduce new lids that allow customers to drink directly from the cup without a straw starting on November 19th.

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