House Foods Group Inc. is considering the sale of Ichibanya Co., Ltd., which operates the Curry House CoCo Ichibanya chain, and is reportedly planning to move toward ending its parent-subsidiary listing. The company is said to have appointed a financial adviser on the assumption that the sale will proceed.
House Foods Group Inc. was found on the 31st to be considering the sale of Ichibanya Co., Ltd., which it made a subsidiary in 2015 and with which it has collaborated in areas including raw-material procurement. The sale is intended to review its business portfolio and shift its growth strategy.
The sale is also aimed at ending the parent-subsidiary listing and improving capital efficiency. House Foods Group Inc. and Ichibanya Co., Ltd. have both appointed financial advisers for the sale.
Multiple investment funds are reportedly already expressing interest in acquiring the company, and specific developments are expected depending on the progress of negotiations and the terms agreed.