Retail in Asia

In Sectors

Japanese retailers Takashimaya and H20 call off merger

Department store operators Takashimaya Co. and H2O Retailing Corp. announced on 26 March that they have cancelled their plan to merge after apparently failing to agree on a common strategy to lift their struggling businesses.

However, both companies, which have Hankyu Hanshin Department Stores Inc. under their wing, said they will continue to their business relationship in areas such as joint product development and procurement of materials.