*This is a machine-translated text of the original article.
Aeon Co Ltd announced that it would terminate the business operated by its subsidiary Claire’s Nippon.
Notice of Completion of Claire’s Nippon Business:
“Thank you very much for your continued support of Claire’s Nippon.
We would like to announce that as a result of careful consideration of our business conditions and future growth potential, we will terminate our business in Claire’s Nippon as of the end of October 2020.
We were established in 1994 as a joint venture between Claire’s Stores Inc and Aeon Co Ltd, and have been developing Claire’s brand in Japan for 25 years.
Since our founding, our mission has been ‘providing fashionable and enjoyable products with extensive product lineup and reasonable prices’, ‘helping customers pursue their own unique styles and creativity by welcoming them in an enjoyable atmosphere’.
We deeply apologize for not being able to provide Claire’s brand in Japan and for this sudden notice.
We would also like to express our sincere gratitude for your long-standing support.
The final business day for each store will be announced on our website in the future.”
Claire’s Nippon was established in 1994 as a joint venture between Claire’s Stores Inc of the United States and Aeon Co Ltd, and now has 110 stores in Japan.
According to Aeon, based on comprehensive assessment of the industry’s operating environment in recent years and future growth potential, the company decided to terminate its business in Claire’s Nippon as of the end of October 2020 and to close all of its stores on the same day.
Aeon is currently focusing on reforming the Group’s business structure and is promoting the strategic realignment and consolidation of group companies.
Original Text: https://ampmedia.jp/2020/03/12/claires/