Aeon to take drugstore chain CFS under its wings

Aeon to take drugstore chain CFS under its wings

TOKYO, Japan - Aeon Co. President Motoya Okada (R) and CFS Corp. Chairman and President Kenji Ishida pose for photographers at a news conference in Tokyo on March 17 after the two companies announced that Aeon will raise its equity stake in CFS, a drugstore chain, to a maximum of 33.3 percent from the current 15 percent, effectively taking CFS under its wings.

Drugstores CFS, Ain Pharmaciez announce merger

Drugstores CFS, Ain Pharmaciez announce merger

TOKYO, Japan - Kenji Ishida (L), chairman and president of CFS Corp., and Kiichi Otani, president of Ain Pharmaciez Inc., pose for photographers at a news conference in Tokyo on Oct. 5. The two companies said they will merge their operations under a joint holding company next April, creating the nation's second-largest drugstore chain after Matsumotokiyoshi Holdings Co.

Drugstores CFS, Ain Pharmaciez announce merger

Drugstores CFS, Ain Pharmaciez announce merger

TOKYO, Japan - Kenji Ishida (L), chairman and president of CFS Corp., and Kiichi Otani, president of Ain Pharmaciez Inc., pose for photographers at a news conference in Tokyo on Oct. 5. The two companies said they will merge their operations under a joint holding company next April, creating the nation's second-largest drugstore chain after Matsumotokiyoshi Holdings Co. (Kyodo)

Aeon to take drugstore chain CFS under its wings

Aeon to take drugstore chain CFS under its wings

TOKYO, Japan - Aeon Co. President Motoya Okada (R) and CFS Corp. Chairman and President Kenji Ishida pose for photographers at a news conference in Tokyo on March 17 after the two companies announced that Aeon will raise its equity stake in CFS, a drugstore chain, to a maximum of 33.3 percent from the current 15 percent, effectively taking CFS under its wings. (Kyodo)