Japanese Coffee Chain Komeda Partners with Mitsubishi

Economy

Nagoya, June 12 (Jiji Press)--Japanese coffee store chain operator Komeda Holdings Co. <3543> said Wednesday it has formed a capital and business alliance with Mitsubishi Corp. <8058>.

Komeda will gain support from the trading house with global presence for coffee bean procurement and business expansion overseas.

Mitsubishi will buy a 0.95 pct stake in Komeda through a third-party share allotment scheme.

Komeda plans to use about 900 million yen in proceeds for the overseas expansion.

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