Japan's Top 2 Drugstore Chains to Merge in Dec.
Tokyo, April 11 (Jiji Press)--Welcia Holdings Co., Japan's largest drugstore chain, and Tsuruha Holdings Inc., the second-largest, said Friday that they will integrate their operations on Dec. 1., two years ahead of schedule, creating a group with annual sales exceeding 2 trillion yen.
Tsuruha will make Welcia a wholly owned subsidiary through an equity swap, a deal being led by Aeon Co., a Japanese retailer that owns shares in both companies.
(2025/04/11-22:32)
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