Japanese major Mitsubishi Corp revealed yesterday that it will purchase a 50% stake in seafood restaurant chain Maguro-Ichiba. The giant sogo-shosha (trading company), which also operates car manufacture, agricultural production, fuel, textiles and information services, is understood to be completing the deal in a bid to expand its food service operations.
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Mitsubishi is buying out the stake from another current shareholder, and when the deal is completed it will become an equal shareholder with the company’s founder.
The Maguro-Ichiba chain currently operates seventeen franchised outlets.
