TOKYO, JAPAN - Takashimaya Co., Ltd. and transcosmos inc. have agreed to open a preparatory office towards establishing a wholesale and retail sales joint venture. The joint venture offers eye-catching, high-quality Japanese products overseas.
The needs and demands for Japanese contents, products and services have been increasing in economically emerging countries and their consumer markets.
However many Japanese eye-catching, high-quality products are still buried domestically despite the global needs.
This is due to various challenges that Japanese industries face such as exports and import procedures, different market environment, complex sales channels, and language barriers.
Takashimaya and transcosmos will create a new and effective business scheme which will offer eye-catching, quality Japanese products by developing an overseas sales network.
The joint venture between Takashimaya and transcosmos creates an opportunity to fuse together both companies’ know-how and skills.
Takashimaya has expertise in the department store business for many years and is credited for their procurement capabilities and merchandising.
By Yoo Daniel (daniel@koreaittimes.com)
