Stores Specialists, Inc. Enters into Joint Venture Agreement with Ryohin Keikaku Co., Ltd
January 22, 2017
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Stores Specialists, Inc. has entered into a joint venture agreement with Ryohin Keikaku Co., Ltd. to further develop the MUJI retail business in Philippines. Stores Specialists will have a 51% stake in the joint venture, while RKJ will own the remaining 49%. The local group has committed to invest PHP 89.25 million ($1.78 million) to jump-start the venture while RKJ will pump in PHP 85.75 million ($1.71 million).
RYOHIN KEIKAKU CO., LTD. is a Japan-based company mainly engaged in sale of products under the brands of Mujirushi Ryohin and MUJI. The Company has four segments including Domestic segment, East Asia segment, Europe and Americas segment as well as Southwest Asia and Oceania segment. The Domestic segment is engaged in sale and supplement, the operation of camp sites, house sale and distribution processing business. The rest three overseas segments are mainly engaged in sale business. Other business includes products procurement of MUJI brand. On Mujirushi Ryohin brand and MUJI brand, the main business includes design, development, procurement, distribution and processing of products, retailing business at directly managed stores and supply of products to business partners who operate specialty stores of Mujirushi and MUJI brands. The Company is also involved in food and beverage sale under Cafe&Meal MUJI brand, the operation of camp sites, sale of houses and sale of IDEE brand products.
RYOHIN KEIKAKU CO., LTD. 
