A First for Japanese RetailersMUJI to Open Two Stores in India

Ryohin Keikaku Co., Ltd. (Tokyo; Satoru Matsuzaki, President & Representative Director) has announced its plan to open two MUJI stores in the Republic of India under a joint venture with Reliance Brands Limited (Mumbai, India; Darshan Mehta, President & CEO).

In news releases dated June 17 and December 11, 2015, Ryohin Keikaku announced the creation of a joint venture with Reliance Brands for the purpose of opening MUJI stores in India. Ryohin Keikaku also announced that it became the first-ever Japanese retailer to receive individual approval for Foreign Direct Investment from the Indian government's Foreign Investment Promotion Board.

MUJI will be the first Japanese retailer ever to open stores in India, with one new store in Mumbai, the commercial capital of India, and another store in Bengaluru, the hub of India's IT industry.

MUJI Palladium with be the first MUJI location in India. Palladium, opened for business in December 2009, is one of India's largest commercial facilities, attracting more than 24 million visitors annually. This shopping center is home to a number of high-end luxury retail brands, restaurants, and a food court. The neighboring five-star hotel, cinema complex, and other facilities serve as additional anchors to attract visitors, bolstering the location's ability to serve as a means to communicate new concepts.

MUJI VR Bengaluru will be the second MUJI location in India, installed in the VR Bengaluru next to Phoenix Market City, a major commercial facility in Bengaluru, India's third-largest city. The VR Bengaluru is one of the most popular shopping centers in India today, hosting fashion stores, as well as cinema complex and restaurants, all offering fresh takes on their respective business models.

With these two new locations, Ryohin Keikaku will share the MUJI concept of a simple,Pleasant life with the people of India, hoping to secure a place as a favorite shopping destination.

India No. 1 Store: MUJI Palladium

Store NameMUJI Palladium
Location3rd Floor Palladium, 462 High Street Phoenix, Senapati Bapat Marg, Lower Parel, Mumbai 400013
Floor Space207.29m2
Grand OpeningScheduled for August 2016

India No. 2 Store: MUJI VR Bengaluru

Store NameMUJI VR Bengaluru
LocationVR Bengaluru, Mahadevpura, Whitefield Main Road, Bengaluru India 560 048
Floor Space485.13m2
Grand OpeningScheduled for September 2016

*Floor space figures are pending.

June 17, 2015 News Release
Ryohin Keikaku Signs Agreement for Joint Venture in India
http://ryohin-keikaku.jp/eng/news/2015_0617_e.html

December 11, 2015 News Release
Ryohin Keikaku Receives Approval for Foreign Direct Investment in Indian Joint Venture
http://ryohin-keikaku.jp/eng/news/2015_1211_e.html

Ryohin‐Keikaku Reliance India Private Limited

Company NameRyohin‐Keikaku Reliance India Private Limited
Location8th Floor, Maker Tower 'E', Cuffe Parade, Mumbai India 400 005
RepresentativeSeiji Hamanishi
Capital90 million rupees
OwnershipRyohin Keikaku: 51% Reliance Brands Limited: 49%
EstablishedFebruary 12, 2016
Business LinesMUJI operations within in India
For more information, please contact:
Ryohin Keikaku Co., Ltd.
Corporate Planning Office Tel.
+81-3-3989-4410