|
|
Article: Hankyu, Hanshin department stores to integrate under holding firm.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- March 26, 2007
CopyrightCOPYRIGHT 2007 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Mar. 26--OSAKA -- The parent of both Hankyu Department Stores Inc. and Hanshin Department Stores Ltd. said Monday the two department store chain operators will integrate operations on Oct. 1 under a holding firm to be formed from what is now Hankyu Department Stores.
Hankyu Hanshin Holdings Inc. said in a statement its board approved a motion to alter the organizational structure of the two Osaka-based department chain operators via a share swap between the two operators.
The corporate name of the new holding company slated to come into existence on Oct. 1 will be announced on that date, according to the statement.
The organizational change will ...