Ryohin Keikaku Co., Ltd. (Tokyo, Japan; Satoru Matsuzaki, President & Representative Director; hereafter RKJ) has announced today that further to the news release* on January 20, 2017, a joint venture was duly established in Republic of the Philippines as follows:
About Joint Venture
|Name||MUJI PHILIPPINES CORP.|
|Headquarters||5/F Midland Buendia Building 403 Sen. Gil Puyat Avenue, Makati City, Philippines 1200|
|Purpose||Operation of MUJI retail outlets in Republic of the Philippines|
|Capital||3 million USD|
|Ownership||RKJ 49%, SSI** 51%|
|Establishment||February 1, 2017|
|Operation start||April 1, 2017|
* News Release:
"Agreement for Joint Venture in the Philippines"
dated January 20, 2017
** Stores Specialists Inc.:
a member of the Rustan's Group of Companies and the exclusive franchisee of some of the finest international brands in fashion and lifestyle.
PR Department, PR & IR & ESG Division
RYOHIN KEIKAKU CO., LTD.