Japanese home electronics retailer Yamada Holdings and rival Edion said they reached an agreement to integrate their operations, leading to the creation of a giant retail chain with combined annual sales of roughly ?2.5 trillion ($15.6 billion).
Yamada Holdings, whose core subsidiary is Yamada Denki, is already the industry’s top player. The integration will create an even bigger group far ahead of competitors, including second-biggest Nojima.
The two companies hope to leverage economies of scale to reduce procurement costs, but another focus is to expand beyond being a discount retailer of consumer electronics and develop their own products and businesses that contribute to enriching people’s lives.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.