AEON CO., LTD. (hereinafter 'AEON') and Marubeni Corporation (hereinafter 'Marubeni') have entered into a new Strategic Partnership Agreement to enhance their existing alliance established under the agreement dated March 27, 2013.

This agreement aims to build upon the trust and track record established between AEON and Marubeni, fostering a partnership that generates new value by leveraging the business foundations of both companies. With this collaboration, the two companies will explore potential business opportunities in product procurement and development, domestic and international distribution mechanisms, Green Transformation (GX), and Digital Transformation (DX), intending to expand their joint efforts over the medium to long term.

To enhance the relationship between the two parties, Marubeni acquired additional shares in AEON.

AEON and Marubeni aim to enhance the corporate value of both companies further by leveraging their respective management resources and know-how.

Company Profiles

AEON

Company Name : AEON CO., LTD. (pure holding company)

Head Office : 1-5-1 Nakase Mihama-ku, Chiba City, Chiba

Establishment : September 1926

Representative : Akio Yoshida

Business

Description: Management of the company's business activities by holding stocks or shares of companies engaged in GMS Business, Supermarket Business, Discount Store Business, Health & Wellness Business, Financial Services Business, Shopping Center Development Business, Services & Specialty Store Business, International Business, and related business. The Group's expansion encompasses 18,000 stores across 14 countries. (as of February 2023)

Website : https://www.aeon.info/

Marubeni

Company Name : Marubeni Corporation

Head Office : 4-2, Ohtemachi 1-chome, Chiyoda-ku, Tokyo

Incorporated : December 1, 1949

President and CEO : Masumi Kakinoki

Main Business : Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third-country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, IT solutions, food, agribusiness, forest products, chemicals, metals & mineral resources, energy, power, infrastructure project, aerospace & ship, finance, leasing & real estate business, construction, industrial machinery & mobility, next generation business development, and next generation corporate development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.

Website : https://www.marubeni.com/jp/

END

(C) 2024 Electronic News Publishing, source ENP Newswire