Yoshitsu Co., Ltd Establishes A New Subsidiary In Canada
Portfolio Pulse from Benzinga Newsdesk
Yoshitsu Co., Ltd (NASDAQ:TKLF), a retailer and wholesaler of Japanese beauty and health products, has established a wholly-owned Canadian subsidiary, RAKKISTAR HOLDING INC. The new subsidiary is expected to enhance Yoshitsu's service standards in the North American market, strengthen customer relationships, and increase sales. The direct-sale model is expected to bring the company closer to its customers and optimize its management structure.
November 06, 2023 | 1:46 pm
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Yoshitsu's establishment of a new subsidiary in Canada is expected to enhance its service standards, strengthen customer relationships, and increase sales in the North American market.
The establishment of a new subsidiary in Canada is a strategic move by Yoshitsu to expand its market reach and improve its service delivery. This is likely to strengthen its customer base and increase sales, which could positively impact its stock price in the short term.
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