Uny to make discount operator Don Quijote its affiliate
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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).
Questions & Answers
Q.How much of Uny does Don Quijote currently own?
How much of Uny does Don Quijote currently own?
Don Quijote currently controls 40 per cent of the Uny business. This agreement would see them acquire the remaining 60 per cent.
Q.How many additional locations will Don Quijote gain from this acquisition?
How many additional locations will Don Quijote gain from this acquisition?
The acquisition of the remaining 60 per cent of Uny would add 190 locations to Don Quijote's existing network of stores.
Q.What will be the likely fate of the existing Uny stores once the acquisition is complete?
What will be the likely fate of the existing Uny stores once the acquisition is complete?
The existing Uny stores will most likely be converted into discount outlets once Don Quijote takes over 100 per cent of the business.
Q.What were the sales revenues for Don Quijote and Uny in the last financial year?
What were the sales revenues for Don Quijote and Uny in the last financial year?
Don Quijote took sales revenue of ¥941.5 billion, while Uny's sales reached ¥712.8 billion in the last financial year.
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