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, commonly written AEON Co., Ltd., is a Japanese multinational holding company of ÆON Group. It has its headquarters in
." Æon. Retrieved on September 15, 2011. "Head Office: 1-5-1 Nakase, Mihama-ku, Chiba-shi, Chiba 261-8515, Japan" It operates all the AEON Retail Stores (formerly known as JUSCO supermarkets) directly in Japan. Meanwhile, AEON CO. (M) BHD operates all the AEON Retail Stores directly in Malaysia. ÆON is the largest retailer in Asia. ÆON is a retail network comprising around 300 consolidated subsidiaries and 26 equity-method affiliated companies. These range from convenience stores " Ministop" and
The company was legally incorporated in September 1926 as Okadaya (founded in 1758). In 1970, Okadaya merged with Futagi and Shiro to form JUSCO Co., Ltd. The employees voted to name the company "Japan United Stores Company".
On August 21, 2001, the company became AEON Co., Ltd.
On August 21, 2008, the corporate structure changed. AEON Co., Ltd. became a holding company while AEON Retail Co., Ltd. took over the retail operations formerly held by AEON Co., Ltd.
As of March 1, 2011, all JUSCO and Saty stores under the AEON umbrella in Japan officially changed their names to AEON while all the JUSCO stores and shopping centres in Malaysia were fully re-branded into AEON since March 2012. However, JUSCO stores still operate in the Greater China region and some others.
In November 2012, AEON acquired the operation of Carrefour Malaysia with an enterprise value of €250 million. All of the current Carrefour hypermarkets and supermarkets in Malaysia were then fully re-branded into AEON BiG. The acquisition of Carrefour Malaysia made AEON as the second largest retailer in Malaysia, which combined the sales from AEON Retail stores (formerly known as JUSCO) and the former Carrefour outlets. Post-acquisition, AEON's ASEAN business vice president said the retail giant targeted to open 100 outlets in various formats in the country by year 2020.
AEON Stores (Hong Kong) Co., Limited was established in Hong Kong in November 1987 and listed on the Hong Kong Stock Exchange in February 1994. AEON aims to develop a chain operation in Hong Kong and offer value-for-money merchandise to Hong Kong customers.
Æon Financial Results for FY 2010 (ended on February 28, 2012)
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Mihama-ku
is one of the six wards of the city of Chiba in Chiba Prefecture, Japan. As of April 2012, the ward had an estimated population of 149,314 and a population density of 7,060 persons per km². The total area was 21.16 km².
Geography
Mihaw ...
, Chiba
Chiba may refer to:
Places China
* (), town in Jianli County, Jingzhou, Hubei
Japan
* Chiba (city), capital of Chiba Prefecture
** Chiba Station, a train station
* Chiba Prefecture, a sub-national jurisdiction in the Greater Tokyo Area on ...
, Chiba Prefecture.Aeon 2011 Group Profile." Æon. Retrieved on September 15, 2011. "Head Office: 1-5-1 Nakase, Mihama-ku, Chiba-shi, Chiba 261-8515, Japan" It operates all the AEON Retail Stores (formerly known as JUSCO supermarkets) directly in Japan. Meanwhile, AEON CO. (M) BHD operates all the AEON Retail Stores directly in Malaysia. ÆON is the largest retailer in Asia. ÆON is a retail network comprising around 300 consolidated subsidiaries and 26 equity-method affiliated companies. These range from convenience stores " Ministop" and
supermarkets
A supermarket is a self-service shop offering a wide variety of food, beverages and household products, organized into sections. This kind of store is larger and has a wider selection than earlier grocery stores, but is smaller and more limit ...
to shopping malls and specialty stores, including having owned the American chain Talbots
The Talbots, Inc. (doing business as Talbots and stylized as TALBOTS) is an American specialty retailer and direct marketer of women's clothing, shoes and fashion accessories.
As of 2018, the company operated 495 Talbots stores in the United S ...
. ÆON is Japan's single-largest shopping mall developer and operator.
Naming
The name ÆON is a transliteration from the koine Greek word (''ho aion''), from the archaic (''aiwon''). The name and symbolism used in the branding implies the eternal nature of the company.History
The company was legally incorporated in September 1926 as Okadaya (founded in 1758). In 1970, Okadaya merged with Futagi and Shiro to form JUSCO Co., Ltd. The employees voted to name the company "Japan United Stores Company".
On August 21, 2001, the company became AEON Co., Ltd.
On August 21, 2008, the corporate structure changed. AEON Co., Ltd. became a holding company while AEON Retail Co., Ltd. took over the retail operations formerly held by AEON Co., Ltd.
As of March 1, 2011, all JUSCO and Saty stores under the AEON umbrella in Japan officially changed their names to AEON while all the JUSCO stores and shopping centres in Malaysia were fully re-branded into AEON since March 2012. However, JUSCO stores still operate in the Greater China region and some others.
In November 2012, AEON acquired the operation of Carrefour Malaysia with an enterprise value of €250 million. All of the current Carrefour hypermarkets and supermarkets in Malaysia were then fully re-branded into AEON BiG. The acquisition of Carrefour Malaysia made AEON as the second largest retailer in Malaysia, which combined the sales from AEON Retail stores (formerly known as JUSCO) and the former Carrefour outlets. Post-acquisition, AEON's ASEAN business vice president said the retail giant targeted to open 100 outlets in various formats in the country by year 2020.
AEON Stores (Hong Kong) Co., Limited was established in Hong Kong in November 1987 and listed on the Hong Kong Stock Exchange in February 1994. AEON aims to develop a chain operation in Hong Kong and offer value-for-money merchandise to Hong Kong customers.
See also
* * * Don Quijote (store) * Maxvalu TokaiReferences
*Æon Financial Results for FY 2010 (ended on February 28, 2012)
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External links
* {{DEFAULTSORT:Aeon 1758 establishments in Japan 1970s initial public offerings Companies based in Chiba Prefecture Companies listed on the Tokyo Stock Exchange Holding companies of Japan Holding companies established in 1758 Japanese brands Multinational companies headquartered in Japan Supermarkets of Japan Retail companies established in 1758 Retail companies of Japan