Company split, establishment of a subsidiary, and conversion of Lawson-branded stores through mega-franchising
First written in FY2021-Q2. 4 of 6 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2022-Q3.
0 other companies' latest entry also says "Achieved".
- FY2022-Q3AchievedAnnual report
「Under these circumstances, our group completed the brand conversion of the Lawson-Poplar business announced in September 2020 in June 2021. In July of the same year, we announced our medium-term business plan for 2022–2024 and are working to establish an earnings structure aimed at an early return to profitability by accelerating our strategic shift in anticipation of new lifestyles in the With-COVID and post-COVID eras.」
The company explicitly stated that the brand conversion of the Lawson-Poplar business was completed in June 2021, moving from the planning stage to completion. - FY2022-Q2AdvancedAnnual report
「The new business operating stores under the Lawson-Poplar brand proceeded with openings as planned in the Kansai, Hiroshima and Kyushu regions, beginning with the opening of its first Kanto store in March 2021, bringing the number of stores at the end of the period to 110.」
The brand conversion and store openings for the Lawson-Poplar business proceeded as planned, resulting in 110 stores at fiscal year-end. - FY2022-Q1AdvancedAnnual report
「The new business operating stores under the Lawson-Poplar brand expanded sequentially from the Kanto region to the Kansai, Hiroshima and Kyushu regions, beginning with the opening of its first Kanto store in March 2021, bringing the number of stores at the end of the period to 103. The plan is to expand the network to 110 stores in June of the same year.」
The conversion and rollout of the Lawson-Poplar business proceeded as planned, reaching 103 stores at fiscal year-end and the stage of planning for 110 stores in June of the same year. - FY2021AdvancedAnnual report
「Effective 1 March 2021, the absorption-type company split agreement, approved by the Board of Directors on 10 September 2020 and executed on 23 September of the same year, under which certain rights and obligations attributable to our convenience store business would be transferred to 株式会社ローソン through a company split, was carried out.」
The company split for conversion to the Lawson-Poplar or Lawson brands was carried out on 1 March 2021, moving from the planning stage to execution of the legal transfer of the business. - FY2021-Q3AdvancedAnnual report
「During the third quarter of the current fiscal year, 株式会社ポプラリテール was newly established and included in the scope of consolidation. In addition, negotiations were conducted with franchisees and major business partners regarding terms in order to proceed as planned with the brand conversion to Lawson-Poplar stores under the business structure reform announced on 10 September 2020.」
株式会社ポプラリテール, which would operate the stores following the brand conversion, was established on 10 September 2020 and made a consolidated subsidiary. Negotiations on terms with franchisees and major business partners are under way in preparation for the planned brand conversions from March to June 2021. - FY2021-Q2First statedAnnual report
「For 140 stores operating under our brands, certain assets and rights and obligations attributable to the convenience store business, including lease agreements, will be transferred to Lawson through a company split in the form of a simplified absorption-type company split.」
After entering into a joint business agreement on 10 September 2020 and establishing 株式会社ポプラリテール, the company presented a plan to convert 140 stores under the Poplar and other brands sequentially to the Lawson-Poplar or Lawson brands between March and June 2021. Of these, 126 stores were to be operated by 株式会社ポプラリテール as Lawson's mega-franchisee. The company also stated that consideration of ¥731 million for the company split and ¥800 million in mega-franchise fees and other payments were scheduled to be provided.