Aeon to Fully Acquire Home Centre chain Sunday for GMS and New Store Development
Aeon announced the complete acquisition of its consolidated subsidiary, the home centre Sunday through a public tender offer. With a focus on revamping business performance in the struggling Tohoku region, the move aims to merge strengths and develop a new store model combining GMS and home centre elements. Plans include expanding into more locations, unifying procurement methods, and executing the tender offer from January 9 to March 4 at ¥1280 per share. Sunday currently has around 100 stores across 6 prefectures in northern Japan.
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