Jun 12, 2019 15:01 JST

Source: Mitsubishi Corporation

Mitsubishi Corporation and Komeda Agree to Business Alliance and Acquisition of Third Party Shares


TOKYO, Jun 12, 2019 - (JCN Newswire) - Mitsubishi Corporation (MC) and Komeda Holdings Co., Ltd. (Komeda) have reached an agreement to establish a comprehensive business alliance.

Komeda operates one of Japan's largest full-service coffee shop franchisers (KOMEDA'S Coffee), the philosophy of which is to provide customers with the "ultimate places to relax and unwind." Ever since establishing its first coffee shop in 1968, Komeda has made firm commitments to customer relaxation, its own manufacturing methods, and the self-sourcing of quality raw materials from carefully selected regions. The company's proprietary franchising system has carved out a unique position for its coffee shops in the food-service industry.

Komeda launched its sustainability initiatives in 2018, its 50th anniversary. To commemorate the occasion, it announced a new mission to supplement its "places-to-relax" philosophy entitled "Relax Your Mind Better" Part of this mission has been sustainable coffee sourcing from Olam International Limited, an agri-business company that has been one of MC's strategic partners since 2015.

In addition to strengthening our existing ties, this new alliance between MC and Komeda will enable the partners to make even better use of both MC's far-reaching networks in the consumer industries and the MC Group's data-marketing capabilities. It should also promote the joint development of sustainable products and services and encourage Komeda to take advantage of the MC Group's overseas network to develop its own operations internationally. The partners have also planned to have MC personnel dispatched to Komeda to help ensure that the new alliance progresses smoothly.

As part its overarching mission to simultaneously generate economic, societal and environmental value, MC has also committed to enhancing this alliance by acquiring a 0.95% interest in Komeda through a third-party share subscription valued at approximately 890 million yen.

Komeda operates one of Japan's largest full-service coffee shop franchisers (KOMEDA'S Coffee), the philosophy of which is to provide customers with the "ultimate places to relax and unwind." Ever since establishing its first coffee shop in 1968, Komeda has made firm commitments to customer relaxation, its own manufacturing methods, and the self-sourcing of quality raw materials from carefully selected regions. The company's proprietary franchising system has carved out a unique position for its coffee shops in the food-service industry.

Komeda launched its sustainability initiatives in 2018, its 50th anniversary. To commemorate the occasion, it announced a new mission to supplement its "places-to-relax" philosophy entitled "Relax Your Mind Better" Part of this mission has been sustainable coffee sourcing from Olam International Limited, an agri-business company that has been one of MC's strategic partners since 2015.

In addition to strengthening our existing ties, this new alliance between MC and Komeda will enable the partners to make even better use of both MC's far-reaching networks in the consumer industries and the MC Group's data-marketing capabilities. It should also promote the joint development of sustainable products and services and encourage Komeda to take advantage of the MC Group's overseas network to develop its own operations internationally. The partners have also planned to have MC personnel dispatched to Komeda to help ensure that the new alliance progresses smoothly.

As part its overarching mission to simultaneously generate economic, societal and environmental value, MC has also committed to enhancing this alliance by acquiring a 0.95% interest in Komeda through a third-party share subscription valued at approximately 890 million yen.


About Mitsubishi Corporation
Mitsubishi Corporation, headquartered in Tokyo, is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. Mitsubishi Corporation's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

For more information on Mitsubishi Corporation, please visit the company's website at https://www.mitsubishicorp.com/jp/en/.


Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705 
Source: Mitsubishi Corporation
Sectors: Food/Beverage

Copyright ©2020 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


'e5 Consortium' Established to Promote Zero-Emission Electric Vessel
May 21 2020 14:34 JST
 
Mitsubishi Corporation and SOHGO SECURITY SERVICES Agree to Strategic Partnership in Facility Management Business
March 30 2020 15:28 JST
 
Mitsubishi Corporation and SOHGO SECURITY SERVICES Agree to Strategic Partnership in Facility Management Business
March 30 2020 11:07 JST
 
Mitsubishi Corporation and Chubu to acquire Dutch Energy Supply Company "Eneco"
March 25 2020 16:47 JST
 
Mitsubishi Corporation: Establishment of PeptiGrowth Inc. for Development and Commercialization of Peptide Alternatives to Growth Factors for Cell Culture
March 13 2020 08:09 JST
 
Mitsubishi Corporation and Chubu Electric Power Consortium Named Preferred Bidder for Offshore Transmission Asset in the UK
February 28 2020 06:47 JST
 
Mitsubishi Corporation and CRISP HD Agree to Business Alliance and Acquisition of Third-Party Shares
February 25 2020 14:16 JST
 
Mitsubishi Corporation Participates in Vietnam's "Grand Park Project"
January 23 2020 11:39 JST
 
Mitsubishi Corporation Joins PET Chemical Recycling Business
January 08 2020 08:37 JST
 
Mitsubishi Corporation and NTT Agree to Form a Business Partnership to Pursue "Industrial Digital Transformation (DX)"
December 20 2019 18:33 JST
 
More Press release >>

Latest Press Release


More Latest Release >>