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Cainz Takes on Nitori with Tokyu Hands Takeover
Private Capital Markets
184 Views, 19 Jan 2022 23:55
- Iconic retail chain, Tokyu Hands, is to be acquired by Cainz, Japan’s leading home centre retailer.
- Tokyu Hands remains as popular as ever thanks to its unique merchandising, but it has struggled to be profitable for a long time.
- Cainz should be able to fix this and Hands will be part of Cainz’s plans to become the Workman Co Ltd (7564 JP) of home retailing – bringing competition to Nitori.