Nitori Holdings, a major furniture and daily goods company, announced that it will acquire a 10% stake in EDION, a consumer electronics retailer, and form a capital tie-up.
Nitori wants to further strengthen sales in the home appliances field through this alliance.
According to the announcement, Nitori Holdings and EDION decided to form a capital tie-up at their board meetings held on the 27th.
Specifically, Nitori will acquire 8.6% of EDION's shares from LIXIL, a major housing equipment company, for approximately 10.2 billion yen next month.
In addition, the company plans to acquire a 1.4% stake and will become a major shareholder of EDION by holding a total of 10% stake.
In addition to joint development of products and stores, the two companies will consider collaborating on Internet sales and mutual use of distribution networks in the future.
In addition to furniture and daily necessities, NITORI is expanding its products by recently working on its own brand of home appliances, and through this alliance, we would like to further strengthen sales in the home appliances field.
On the other hand, EDION seems to have the aim of expanding its business through the ability of Nitori to attract customers.