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Top Japan Electronics Chain Said to Eye $630 Million Store Sale

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EXCLUSIVE Top Japan Electronics Chain Said to Eye $630 Million Store Sale Yamada Holdings Co., Japan’s biggest electronics retailer by sales, is considering selling a portfolio of stores for about ¥100 billion ($630 million), according to people familiar with the matter, as it seeks to boost capital efficiency and improve shareholder returns. The properties under consideration are its LABI stores in prime locations near major railway stations in Tokyo’s Shibuya and Shinjuku districts, said...

EXCLUSIVE Top Japan Electronics Chain Said to Eye $630 Million Store Sale Yamada Holdings Co., Japan’s biggest electronics retailer by sales, is considering selling a portfolio of stores for about ¥100 billion ($630 million), according to people familiar with the matter, as it seeks to boost capital efficiency and improve shareholder returns. The properties under consideration are its LABI stores in prime locations near major railway stations in Tokyo’s Shibuya and Shinjuku districts, said the people, who asked not to be identified because the information is private. Outlets in regional cities including Sapporo are under consideration as well, they added.
Top Japan Electronics Chain (ORG) Japan Electronics Chain (ORG) Japan (LOCATION) LABI (ORG) Tokyo (LOCATION) Shibuya (LOCATION) Shinjuku (LOCATION) Sapporo (ORG)
Originally published by Bloomberg Technology Read original →