ドン・キホーテ：米加州スーパーGelson’s買収：GRCY ホールディングス（動画）：
Don Quijote: Acquisition of California Super Gelson’s: GRCY Holdings:
Don Quijote：收购加利福尼亚超级吉尔森公司：GRCY Holdings
ロサンゼルス
2021年03月01日
ドン・キホーテ（PPIH）:
日本のディスカウント店ドン・キホーテを運営するパン・パシフィック・インターナショナルホールディングス（PPIH）
2月24日、スーパーマーケットGelson’sの持株会社GRCY ホールディングスの全株式を取得すると発表した。
GRCY ホールディングス：
GRCY ホールディングスは、カリフォルニア州で、プレミアムスーパーマーのGelson’sを運営する。
株式取得日は2021年4月を予定。
スーパーマーケットGelson’s：
1951年創業のゲルソンズは、南カリフォルニアに27店舗を展開。
2020年12月期売上高は8億7,230万ドル。
ロサンゼルスの人口増加：
PPIHは、今後も新規出店や集客増が見込めると判断した。
PPIHは、2013年に日系スーパーのマルカイ（Marukai Corporation）を買収した。
既に、カリフォルニア州でスーパーマーケット事業を展開している。
– ジェトロ
https://www.jetro.go.jp/biznews/2021/03/3ff91ac9751be488.html
Announcement of Acquisition of Shares of GRCY Holdings, Inc.
February 24, 2021
Pan Pacific International Holdings
announced that it has resolved to acquire all of the shares of GRCY Holdings, Inc. (“the Target Company”), the holding company of a corporate group that operates Gelson’s, premium supermarket chain, in California, U.S. (The acquisition of the Target Company’s shares is hereinafter referred to as “the Transaction”).
1. Overview of the Target Company / Purpose of the Transaction
The Target Company, which operates 27 stores of Gelson’s, premium supermarket chain in Southern California,
generates net sales of $872 million (fiscal year ended December 31, 2020) as well as a long history of 70 years.
This chain had significant market share gains as its reputation for reliability and the strong support of its loyal customer base proved beneficial during the COVID-19 pandemic.
The Target Company’s business area and the surrounding areas
continue to experience ongoing population growth, a large portion of which is in communities with consumers seeking high quality products.
We therefore see potential for continuous growth to be achieved by opening new stores and attracting new customers at existing stores.
This transaction
is slated to expand PPIH’s overseas sales to approximately ¥200 billion, equivalent to around 10% of the Company’s consolidated net sales.
The Company thus anticipates that
overseas operations will grow into a third pillar of earnings alongside the existing pillars of its discount store and general merchandise store businesses.
Moreover, the addition of the Target Company, which benefits from strong brand recognition, a loyal customer base, and an experienced management team well versed in its market,
will be a powerful asset to the Company for overcoming the challenges faced in North American operations, namely the need to strengthen management foundations, develop new store formats, and expand store networks.
Meanwhile, the Japanese government
aims to raise Japan’s volume of agriculture, livestock, and aquaculture exports to ¥5 trillion by 2030.
The Company’s establishment of Pan Pacific International Club
will lay the groundwork for the achievement of the agricultural product export target of ¥300 billion.
After the acquisition, the Company
will explore how the Target Company consumers may benefit from stocking a thoughtfully curated selection of the high-quality Japanese products supplied by the Company.
the Company had 38 stores in North America and 17 stores in Asia as of January 31, 2021.
Overall, the three-year Medium/Long-Term Management Plan targets 126 stores, net sales of ¥300 billion, and an operating margin of 8% in overseas operations in the fiscal year ending June 30, 2024.
For example, we created our first overseas base for opening stores through the establishment of
THE DAI’’EI (USA) Inc. (operating in Hawaii, currently Don Quijote (USA) Co., Ltd.)
and acquired all shares in Oriental Seafoods, Inc., in 2006,
and then acquired all shares in MARUKAI CORPORATION (operating in Hawaii and California) in 2013
and later in QSI, Inc. (operating in Hawaii), in 2017.
Looking ahead, the Company plans to accelerate growth through new store openings and through mergers and acquisitions in Asia and in other areas of overseas operations
Outline of Transaction
(1) Outline of the Target Company (GRCY Holdings, Inc.)
Consolidated net sales GRCY Holdings, Inc. 16400 Ventura Boulevard, Suite 240, Encino, CA 91436-2123 USA
Robert McDougall, CEO Premium supermarket operation 2013 27 2,864
Fund operated by TPG Global, LLC; majority-owned U.S.$872.3 million (fiscal year ended December 31, 2020) *