Yoshitsu Co., Ltd. Announces the Grand Opening of its REIWATAKIYA Flagship Store in London
October 12 2023 - 8:00AM
Yoshitsu Co., Ltd. ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a
retailer and wholesaler of Japanese beauty and health products, as
well as sundry products and other products in Japan, is thrilled to
announce the grand opening of its REIWATAKIYA flagship store
located at 47 South Molton Street, London W1K 5RY (the “Store”),
near Bond Street in London. The Store is set to open for business
at the end of October 2023.
Spanning 144 square meters, the Store is
expected to showcase a selection from the Company’s catalog of over
8,000 products. Offering products from daily essentials to high-end
luxuries, the location near Bond Street is anticipated to enable
the Company to provide its customers a shopping experience in the
heart of London's premium retail zone. The Company plans to offer
products that are exclusively available at the Store. In addition,
the Company expects to include with customer service personalized
shopping guidance at the Store. Celebrating the opening, the Store
will also launch special deals and limited-time offers on select
merchandise.
Mr. Mei Kanayama, the Principal Executive
Officer of Yoshitsu, commented, "The opening of the Store signifies
a milestone in our commitment to expand globally. We believe that
London, with its rich history and diverse consumer base, will
present an ideal backdrop for our unique blend of traditional and
modern Japanese products. As the Store opens for business, we are
also embracing a new chapter of customer engagement. We aim to be
more than a retailer and aspire to be a cultural bridge, fostering
understanding and appreciation for Japanese quality and
craftsmanship. We anticipate that the activities and services
exclusively available at the Store in celebrating its grand opening
will be just the beginning. We are eager to launch more promotions
in the upcoming months to elevate our customers' retail journey and
strengthen their bond with Yoshitsu."
About Yoshitsu Co., Ltd
Headquartered in Tokyo, Japan, Yoshitsu Co., Ltd
is a retailer and wholesaler of Japanese beauty and health
products, sundry products, and other products in Japan. The Company
offers various beauty products (including cosmetics, skincare,
fragrance, and body care products), health products (including
over-the-counter drugs, nutritional supplements, and medical
supplies and devices), sundry products (including home goods), and
other products (including food and alcoholic beverages). The
Company currently sells its products through directly-operated
physical stores, through online stores, and to franchise stores and
wholesale customers. For more information, please visit the
Company’s website at https://www.ystbek.co.jp/irlibrary/.
Forward-Looking Statements
Certain statements in this press release are
forward-looking statements, within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations and projections
about future events and financial trends that the Company believes
may affect its financial condition, results of operations, business
strategy, and financial needs. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to," or
other similar expressions. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. In addition, there is uncertainty about the
further spread of the COVID-19 virus or the occurrence of another
wave of cases and the impact it may have on the Company's
operations, the demand for the Company's products, global supply
chains, and economic activity in general. Although the Company
believes that the expectations expressed in these forward-looking
statements are reasonable, it cannot assure you that such
expectations will turn out to be correct, and the Company cautions
investors that actual results may differ materially from the
anticipated results and encourages investors to review other
factors that may affect its future results in the Company's
registration statement and in its other filings with the U.S.
Securities and Exchange Commission.
For more information, please
contact:Yoshitsu Co., Ltd Investor
Relations Department Email: ir@ystbek.co.jp
Ascent Investor Relations LLC Tina Xiao
President Phone: + 1 646-932-7242 Email:
investors@ascent-ir.com
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