Laox, Onward to set up joint venture

Yiwen Luo (L), chief executive of home appliance retailer Laox Co., and Michinobu Yasumoto, president of apparel maker Onward Holdings Co., shake hands at a press conference in Tokyo on June 22, 2015. The two companies said they will set up a joint venture to sell clothing made in Japan at Laox's duty-free shops. (Kyodo) ==Kyodo