Johns has announced it will buy Kikos, one of Japan’s biggest supermarkets, for ¥2.6 trillion.
The supermarket chain, which operates in 16 countries, said the deal will see it acquire the Japanese supermarket chain from its current owners, Komatsu Group.
It will also buy Kiko, which has been acquired by supermarket giant Mitsubishi UFJ Group.
Johns will also continue to operate the KIKOs brand, which is based on a concept it unveiled in January.
The deal is subject to regulatory approvals, the company said in a statement.
The company will continue to use the Kikoses brand, as well as the Kiko brand.
“We are very pleased to announce this acquisition, and look forward to contributing to the growth of KIKO brand in Japan,” Johns Group Chief Executive David Brown said in the statement.
“Our core focus is on delivering a fresh and nutritious product that consumers can trust.
This acquisition will give us a stronger foothold in our core markets and the opportunity to grow KIKKO brand globally.”KIKOs has enjoyed strong growth over the past five years, which saw the chain expand from its home in Tokyo to four countries, and become the fourth-largest supermarket in Japan.
The grocery chain has also become a leading supplier of healthy food to Japan, with a major market share in the U.S. and Europe.
Kikos has also expanded its range of products to include healthy snacks, frozen desserts, snacks and baked goods.
The deal will allow Johns to continue to sell its products through KIKOFISH, a joint venture with the company.
Kikoshi, the Japanese version of Kiko has been the target of several trademark and trademark infringement claims by companies including PepsiCo and Kellogg, who are accused of making misleading claims.
Johns said the purchase of Kikoes will allow the company to further expand its products and expand its reach across the globe.
“This is a great opportunity for us to expand our reach, and we look forward working with the team at KIKOBISH to bring our innovative products and innovative customer experience to our consumers around the world,” Brown said.