Yoshitsu Co., Ltd to Adopt an Asset-Light Business Model
With the new business model, the Company hopes to build strong store brand awareness and accelerate its business expansion by leveraging the advantages of strategic alliances with franchisees.
- With the new business model, the Company hopes to build strong store brand awareness and accelerate its business expansion by leveraging the advantages of strategic alliances with franchisees.
- Yoshitsu agrees to provide management support to the franchisees, while the franchisees agree to take charge of daily operations under the guidance of Yoshitsu.
- Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, "We are excited to adopt the asset-light business model through the launch of four franchise stores, aiming to optimize our revenue streams.
- Yoshitsu is committed to providing outstanding service and quality products to customers while expanding our business footprint.