Uny to make discount operator Don Quijote its affiliate

Japanese discount store operator Don Quijote is approaching an agreement to take over 100 per cent of the Uny general merchandise store business, making it the country’s fourth-largest retailer. The firm already controls 40 per cent of the Uny business, and the acquisition of the remaining 60 per cent would add 190 locations to its network, most likely converting the existing stores into discount outlets.

Don Quijote took sales revenue of ¥941.5 billion (US$8.35 billion) in the last financial year. Uny’s sales reached ¥712.8 billion ($6.35 billion).