July 6, 2017 7:34 am JST

Muji flagship store, hotel planned in Tokyo's Ginza district

Ryohin Keikaku aims to stretch brand with 2019 opening

This concept drawing displays the new Muji store planned for the Ginza district. © (Courtesy Mitsui Fudosan)

TOKYO -- Retailer Ryohin Keikaku will launch a new global flagship Muji store and its first domestic Muji Hotel in Tokyo's Ginza district in spring 2019, the company said Wednesday.

The store, destined for a tree-lined street just a two-minute walk from the Tokyo Metro Ginza station, will span more than 3,300 sq. meters, surpassing the current largest Muji location in the nearby Yurakucho neighborhood.

A 10-story building being developed by the Yomiuri Shimbun group and Mitsui Fudosan will host both the store and hotel. The store will occupy one basement floor up to part of the sixth floor above ground, with the rest of the space devoted to the hotel.

Odakyu Electric Railway unit UDS will operate the hotel, and Ryohin Keikaku will supervise interior designs and supply items such as beds, sheets and toothbrushes. The number of guest rooms and pricing have yet to be determined.

Ryohin Keikaku hopes to raise the Muji brand's profile among business people and foreigners by opening the new flagship store in one of Japan's top commercial districts. To avoid competition between Muji stores, the retailer plans to close the current global flagship store in Yurakucho when the lease expires.

Muji hotels will open overseas initially, with Beijing and Shenzhen locations expected to begin operating as early as this year.

(Nikkei)

Ryohin Keikaku Co., Ltd.

Japan

Market(Ticker): TKS(7453)
Sector:
Industry:
Retail Trade
Apparel/Footwear Retail
Market cap(USD): 8,789.84M
Shares: 28.07M

Mitsui Fudosan Co., Ltd.

Japan

Market(Ticker): TKS(8801)
Sector:
Industry:
Finance
Real Estate Development
Market cap(USD): 22,272.08M
Shares: 991.42M

Odakyu Electric Railway Co., Ltd.

Japan

Market(Ticker): TKS(9007)
Sector:
Industry:
Transportation
Railroads
Market cap(USD): 8,039.35M
Shares: 368.49M

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