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Tag: Matsumoto

  • Matsumoto Kiyoshi drugstore to set up JV in Vietnam

    Matsumoto Kiyoshi drugstore to set up JV in Vietnam

    Japanese drugstore operator Matsumoto Kiyoshi is to open stores in Vietnam in partnership with a local company, Lotus Food Group.

    The two parties have formed a joint venture, Matsumoto Kiyoshi Vietnam JSC, to operate a drugstore chain under the name MatsuKiyo in Vietnam. In Japan, Matsumotokiyoshi operates stores under the banner Matsumoto Kiyoshi.

    According to a statement by Matsumotokiyoshi, a JV company has been set up with a capital of US$1.36 million, 51-per-cent owned by Matsumotokiyoshi, 48.87 percent by Lotus Food Group and 0.13 percent owned by Le Van May, the president and CEO of Lotus.

    After its successful expansion in Thailand, Matsumotokiyoshi chose Vietnam as its next Southeast Asian destination, hoping to strengthen its presence further in the region.

    The brand now has 34 stores across Thailand, five in Taiwan and is planning to open in Hong Kong in the near future.

    The first MatsuKiyo store’s location and an opening date has yet to be disclosed.

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  • Matsumoto Kiyoshi finds partner for Taiwan

    Matsumoto Kiyoshi finds partner for Taiwan

    Japanese drug and cosmetics store chain company Matsumoto Kiyoshi has taken a step toward entering the Taiwan market.

    President Kiyoo Matsumoto has signed a memorandum of understanding with Tai Lung Capital chairman Huang Chiao-chang for the two companies to co-operate on the venture.

    Matsumoto Kiyoshi opened its first overseas outlet in Thailand in 2015 and now had 12 stores there.

    Matsumoto says Taiwan will become the company’s second overseas investment destination.

    “Japan is a favourite destination for Taiwanese travellers, and many of them like shopping in the drug and cosmetics store chains there,” he says.

    Huang says Tai Lung has devoted itself for a long time to enhancing economic and cultural exchanges between the two countries. It already distributes Japanese ice cream brand Meiji in Taiwan and jointly runs a miscellaneous goods chain, Hands Tailung.

    Established in 1932, Matsumoto Kiyoshi manages more than 1500 stores around Japan.