To Liquidate Subsidiary In China

Takashimaya

25/06/2019 08:05

Takashimaya Co Ltd  8233.T :
    * TAKASHIMAYA CO LTD -  TO LIQUIDATE SUBSIDIARY IN CHINA
    * TAKASHIMAYA CO LTD -  DECISION TO LIQUIDATE SHANGHAI
TAKASHIMAYA
WAS DUE TO FAILURE TO NEGOTIATE RENT REDUCTION
    * TAKASHIMAYA CO LTD -  SHANGHAI TAKASHIMAYA FAILED TO TURN
PROFIT; TOUGH COMPETITION COMPOUNDED BY CHINA ECONOMIC SLOWDOWN
AND FALLING CONSUMER SPENDING
    * TAKASHIMAYA CO LTD -  PLAN TO CLOSE SHANGHAI TAKASHIMAYA
STORE
ON AUG. 25, 2019

Source text for Eikon:  ID:nTSRY708a5 
Further company coverage:  8233.T