House Foods says no decision made on Ichibanya privatisation
Ichibanya was acquired by House Foods in 2015.
House Foods Group Inc, clarified that it has not made any decision regarding Ichibanya Co., Ltd, the operator of the curry restaurant chain CoCo Ichibanya, following a report by Nikkei Asia that it was considering a sale.
“Today, Nikkei’s Electronic Edition published a report regarding the privatisation of Ichibanya Co., Ltd. (“Ichibanya”), including the sale by House Foods Group Inc. (the “Company”) of its shares in Ichibanya, however this information was not announced by the Company,” the company said.
“The Company is considering all available options, including the privatisation of Ichibanya, with a view to enhancing corporate value and shareholder value. However, no specific decisions have been made at this time. Should any matter requiring disclosure arise in the future, the Company will promptly make an announcement,” it added.
Ichibanya was acquired by House Foods in 2015, however, it has remained a publicly traded foodservice company.
