Japan's Aeon & Marubeni ink strategic partnership

28 Feb '24

1 min read

Pic: Marubeni

Insights

Aeon and Marubeni deepen their strategic partnership, aiming to create new value by leveraging their business foundations.
The agreement focuses on exploring opportunities in product procurement, distribution, Green Transformation (GX), and Digital Transformation (DX).
Marubeni's acquisition of additional shares in Aeon strengthens their relationship.

Japanese retailer Aeon and Marubeni Corporation have entered into a new strategic partnership agreement to enhance their existing alliance established under the agreement dated March 27, 2013.

This agreement aims to build upon the trust and track record established between Aeon and Marubeni, fostering a partnership that generates new value by leveraging the business foundations of both companies. With this collaboration, the two companies will explore potential business opportunities in product procurement and development, domestic and international distribution mechanisms, Green Transformation (GX), and Digital Transformation (DX), intending to expand their joint efforts over the medium to long term, they said in a joint press release.

To enhance the relationship between the two parties, Marubeni acquired additional shares in Aeon.

Aeon and Marubeni aim to enhance the corporate value of both companies further by leveraging their respective management resources and know-how.

Fibre2Fashion News Desk (RR)

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