This story is a part of Forbes’ protection of Japan’s Richest 2022. See the complete record right here.
Akio Nitori, founder and CEO of low cost furnishings and inside items big Nitori Holdings, has been on a constructing binge to make Nitori a one-stop store for the house. In April, the Tokyo-listed firm introduced plans to take a ten% stake, value an estimated $96 million, in listed Japanese electronics retailer Edion.
This follows its practically $1.7 billion deal in late 2020, in a uncommon hostile takeover in Japan, to amass Tokyo-based Shimachu, a listed home-improvement middle chain. It has additionally ramped up the tempo of retailer