Yoshitsu Co., Ltd to Launch REIWATAKIYA Overseas Flagship Store on Tmall
August 22 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, today
announced that its REIWATAKIYA overseas flagship store (the
“Store”) will be available on Tmall on August 27, 2023. Tmall is
one of the world’s largest third-party online and mobile commerce
platforms for brands and retailers. The debut of REIWATAKIYA on
Tmall is anticipated to expand Yoshitsu’s global online sales
channels and thus drive product sales growth.
The Store is poised to offer an extensive array
of products including daily essentials, skincare products, trending
Japanese cosmetics, household items, and collectable Japanese
figurines. This strategic expansion into the online sales channel
shows Yoshitsu's commitment to making curated, high-quality
Japanese products easily accessible to consumers anytime and
anywhere.
Mr. Mei Kanayama, the Principal Executive
Officer of Yoshitsu, commented, "Our planned entry into Tmall
underscores our capability to deliver quality products and
services. As a company with a global perspective, we aim to create
new value by expanding to new retail platforms. The launch of the
Store aligns perfectly with our overarching philosophy of bringing
pleasant life experiences to people across nations by offering
products of value. We aim to provide a seamless shopping experience
both online and offline through our various retail stores like
'Tokyo Lifestyle,' '東京生活館,' and 'REIWATAKIYA.'"
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
All statements other than statements of
historical fact 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., LtdInvestor
Relations DepartmentEmail: ir@ystbek.co.jp
Ascent Investor Relations LLCTina
XiaoPresidentPhone: +1-917-609-0333Email:
tina.xiao@ascent-ir.com
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