Announcement: MUJI Sweden Aktiebolag

Ryohin Keikaku Co., Ltd. (Tokyo, Japan; Satoru Matsuzaki, President & Representative Director) has announced today that the Board of Directors has resolved the establishment of a subsidiary in Kingdom of Sweden (hereafter Sweden) by MUJI EUROPE HOLDINGS LIMITED (hereafter MEH), its regional headquarters in Europe, for further business development.

Purpose

MEH entered into a licensing agreement with Ahlens AB (hereafter Ahlens) in 2004. Since 13 years MEH has granted Ahlens to sell MUJI products exclusively in Sweden. As of today 8 MUJI retail outlets exist. Both parties have agreed to terminate the agreement as of August 2018.

MEH will establish a new subsidiary and install its operation to build a stronger presence of MUJI in the area.

About Subsidiary

Name:
MUJI Sweden Aktiebolag
Headquarters:
Stockholm, Sweden
Representative:
Takuo NAGAHARA
Capital:
50,000 Swedish krona *1 SEK = approx. 13 JPY
Ownership:
MEH 100%
Establishment:
February, 2018 (plan)
Operation start:
September, 2018 (plan)
For press inquiries please contact:
Public Relations (PR/IR)
Corporate Planning Office
RYOHIN KEIKAKU CO., LTD.
Tokyo, JAPAN
Phone: +81 (0)3 3989 4410
Contact Us: https://www.muji.net/service-bin/feedback_eng03/formdecode.php