Izumi, a major regional retailer, announced that it will make King Factory Group a group company and incorporate its store operations, including King-ken. This will be Izumi’s first acquisition of a restaurant chain, aimed at expanding its food-service business.
Izumi, a major regional retailer, announced on the 13th that it would incorporate King Factory Group into its group. The acquisition will be Izumi’s first initiative aimed at expanding its restaurant-chain business.
The target is King Factory Group, which operates King-ken and other businesses. Its operations will be integrated into the Izumi group through the acquisition of shares. The announcement was made on the 13th by Izumi, which is based in Higashi-ku, Hiroshima.
Izumi has indicated a policy of growing its food-service business by opening stores in its own commercial facilities and elsewhere. Future developments will include efforts to strengthen business cooperation through the acquisition of shares in the operating company, including King-ken.