May 8, 1994 |
The Jonan Denki Co.'s chain of electronic appliance stores sells videocassette recorders at more than 25% off the standard price here. Branching out into cosmetics, the stores recently began selling imported Chanel No. 5 perfume at 30% less than the prevailing price.
March 30, 1989 |
Sales at 255 major department stores across Japan in February gained 6.2% over a year ago to $4.16 billion, the Japan Department Stores Association reported. The association said the steady growth was attributable to robust personal spending. There were fewer workdays in the month because stores were closed Feb 24, the day of the funeral of Emperor Hirohito. Sales of audio-visual equipment decreased 3.5% because of purchase restraint ahead of tax reductions that start April 1, they said.
March 19, 1989
Nikken Sekkei Ltd., one of Japan's largest architecture/engineering consulting firms with expertise in seismic engineering and earthquake research, has opened its first U.S. subsidiary in Los Angeles. The subsidiary, Nikken America Inc., has opened offices at 333 S. Hope St., Suite 2650. Its goal is "to develop a Pacific Rim architectural culture with influences from both countries' traditions."
September 22, 1989 |
A Japanese department store group has purchased additional shares of Tiffany & Co., increasing its stake in the famed jewelry company from 3% to 13%, Tiffany said Thursday. Mitsukoshi Ltd., the principal distributor of Tiffany products in Japan, agreed to buy 1.5 million additional Tiffany shares, said William R. Chaney, Tiffany's chairman. "We welcome Mitsukoshi as a significant investor," Chaney said in a statement.
CALIFORNIA | LOCAL
July 15, 1987 |
San Diego developer Sandor Shapery couldn't have found a more diverse partner than Tokyu Corp., the Japanese conglomerate that signed a $100-million joint venture agreement Tuesday to build the $132-million, 30-story Emerald-Shapery hotel and office complex. Ground-breaking for the high-rise, which will feature angled hexagons that rise 12 to 30 stories above street level, is scheduled for September, with completion by mid-1989, Shapery said.
July 13, 2000 |
A failing Japanese retailer filed for bankruptcy protection Wednesday, rejecting a government-backed bailout offer after a public outcry. Sogo Co. asked the Tokyo district court for protection from creditors after racking up debts totaling about $17.4 billion, the company said. The announcement comes just two weeks after the Deposit Insurance Corp., a government-affiliated financial institution and one of the country's largest banks, said it would forgive $4.