LONDON -- Buying an overseas business with a weak yen is "painful in that moment but can reap benefits if it turns a profit in the long term," said Takaya Awata, president and CEO of Japanese food chain owner Toridoll Holdings after the company completed the acquisition of London pizza chain Franco Manca earlier this month.
Food & Beverage
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Toridoll Holdings buys London pizza, Greek food chains to offset Japan weakness
President and CEO of Toridoll Holdings Takaya Awata says investors like the company's strategy of hedging its risks by seeking growth overseas to offset weakness in Japan.
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