JAPAN’S LAWSON TO BUY INTO CHINESE MARKET
April 1st, 2012
BY MARTIN FOSTER, IN TOKYO
Japan c-store chain Lawson Inc. is in talks with several Chinese retailers regarding possible buy outs, a company spokesman has told just-food. "China is positioned extremely highly in Lawson's global strategy, and Chief Executive Officer, Takashi Niinami wants to expand there," said spokesman Yuuki Takemoto, who said Lawson aims to open 10,000 outlets in China by 2020. He would not name the current Chinese takeover targets or the number of potential new Lawson outlets, simply adding: "We are in talks with several ...
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