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Colowide Co., Ltd. ( (JP:7616) ) just unveiled an update.
Colowide Co., Ltd. has resolved to acquire all shares of Seagrass Holdco Pty Ltd., a leading steakhouse operator in Australia and the UAE, making it a wholly owned subsidiary. This acquisition aligns with Colowide’s ‘Vision 2030’ plan to expand its international presence and strengthen its supply chain, particularly in Asia, leveraging Seagrass’s established relationships and brand recognition to enhance business growth and profitability.
More about Colowide Co., Ltd.
Colowide Co., Ltd. operates in the food service industry, focusing on expanding its business scale and profitability. The company aims to achieve significant growth in its overseas food service and catering service businesses, with a target of reaching 500 billion yen in consolidated revenue by 2030. Colowide has a presence in North America, East Asia, and Southeast Asia, and is working to strengthen its market position through strategic acquisitions.
Average Trading Volume: 502,073
Technical Sentiment Signal: Hold
Current Market Cap: Yen196.9B
For detailed information about 7616 stock, go to TipRanks’ Stock Analysis page.