News

Stores

Staff Reporter

, Japan

Published:

2 months ago

Photo from Tsuruha Drug

Oasis unloads Tsuruha shares to AEON

Oasis said Tsuruha has failed to demonstrate any progress on consolidation.

Hong Kong-based firm Oasis Management Company Ltd. has entered into an agreement with AEON Co., Ltd. to sell 13.6% of its stake in retail drugstore firmTsuruha Holdings Inc. after Tsuruha failed to make any progress on consolidating the business.

Oasis has been engaged with Tsuruha since 2022, advancing multiple proposals to Tsuruha to improve the business. However, throughout the engagement, Oasis said Tsuruha has failed to demonstrate any progress on consolidation, which Oasis believes to be the company’s most important management issue.

ALSO READ: E-Mart to open the first branch in Laos

Because of this, Oasis has opted to sell its shares to Aeon, who also owns Welcia Holdings Co., Ltd., Japan’s largest drugstore chain, and has a track record of leading drugstore consolidation in Japan.

Oasis said it believes that the sale of the Tsuruha shares it owns to Aeon will not only contribute to the enhancement of Tsuruha’s corporate and shareholder value but also be beneficial for the wider society.

Also Read

Supermarkets lead growth in Vietnam’s evolving retail scene

Birkenstock opens first flagship store in India

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

85% of A2000 retailers in Asia-Pacific to invest in GenAI by 2027

Half of A2000 retailers are projected to implement AI-enabled contextualised recommendations by 2028.

Technology

1 day ago

1 in 3 brands launched in 2022 discontinued by 2023: report

Analysts said there is less than 60% chance for new products to survive in the market in the long term.

1 day ago

Birkenstock opens first flagship store in India

The newly-opened store combines Birkenstock's focus on function, quality, and tradition with India's cultural richness.

Stores

1 day ago

JD.com launches ‘Trade-in Alliance for Household Appliances and Home Goods’

The move aims to expand and enhance trade-in services across China.

E-commerce

1 day ago

Exclusives

Supermarkets lead growth in Vietnam’s evolving retail scene

One-stop shopping experience poses challenges for the prevailing majority of mom-and-pop shops.

E-commerce

1 day ago

AI-powered personalisation paints the future of retail

Businesses use AI to gain deeper insights into consumer needs and preferences for more customised omnichannel offerings.

E-commerce

6 days ago

ZALORA ramps up sustainability amidst rising demand for eco-products

Customers of ZALORA who shop for sustainable products are increasing year by year.

Two reasons why Zalora’s fulfilment centre skipped futurism

ZALORA’s strategy enables the processing of up to 200,000 orders daily.

E-commerce

Event News

EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

Co-Written / Partner

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.

Key figures at Seamless Asia fan e-commerce excitement over AI

Co-Written / Partner RSM's David Eu offers insights on e-commerce, technology, and collaborative innovation driving retail transformation

Co-Written / Partner Euromonitor’s Hiromi Yamaguchi: Loyalty programmes, digital integration vital amidst evolving consumer expectations

Co-Written / Partner EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.