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Daimaru, Matsuzakaya to merge in Sept. to be top dept. store

Daimaru, Matsuzakaya to merge in Sept. to be top dept. store

OSAKA, Japan - Tustomu Okuda (L), chairman of Daimaru Inc., and Shunichi Samura, president of Matsuzakaya Holdings Co., shake hands for the cameras at the outset of their joint news conference in Osaka on March 14. They announced the two companies will integrate under a joint holding company in September to become Japan's biggest department store group.

  •  
Daimaru, Matsuzakaya to merge in Sept. to be top dept. store

Daimaru, Matsuzakaya to merge in Sept. to be top dept. store

OSAKA, Japan - Tustomu Okuda (L), chairman of Daimaru Inc., and Shunichi Samura, president of Matsuzakaya Holdings Co., shake hands for the cameras at the outset of their joint news conference in Osaka on March 14. They announced the two companies will integrate under a joint holding company in September to become Japan's biggest department store group. (Kyodo)

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