TOKYO -- Nitori Holdings, Japan's answer to Ikea, dropped to a new multiyear low during trading Wednesday after institutional investors vented frustration toward the lack of progress in a proposed China expansion.
Companies
Japan home accessory chain loses investors as China push falls apart
Nitori shows little progress in plan to open 200 Chinese stores by 2022
A Nitori store in Tokyo's Ginza district. The company has struggled to expand in China, a market it had tapped for growth.
Read Next
Latest on Companies
