Saint Marc Holdings announced that it will acquire the TsuruTonTan udon specialty restaurant brand and other businesses from Kato Pleasure Group for ¥12.8 billion. The company aims to step up its overseas expansion and strengthen its Japanese cuisine operations.
Saint Marc Holdings (HD) announced that it will acquire a business operated by Kato Pleasure Group, with the total acquisition price coming to ¥12.8 billion. The target includes the TsuruTonTan udon specialty restaurant brand.
Following the acquisition, a newly established subsidiary will inherit the acquired business. The TsuruTonTan brand, which operates 13 locations in Japan and 2 overseas, will be expanded as part of the group’s Japanese cuisine operations.
Saint Marc Holdings said it plans to step up its global expansion by expanding its Japanese cuisine brands.