G-7 Holdings to Open Curry Restaurant in Vietnam in November 2014 in Bid

G-7 HOLDINGS

2014/10/23 14:00

G-7 Holdings Inc., listed on the First Section of the Tokyo Stock Exchange (code: 7508), announced on October 23 that it will open the Japanese-style curry restaurant "OUGON CURRY Binh Duong Canary Restaurant" in the Socialist Republic of Vietnam on November 1, 2014,.

KOBE, Japan, Oct. 23 /Kyodo JBN/ --

G-7 Holdings Inc.

G-7 Holdings to Open Curry Restaurant in Vietnam

in November 2014 in Bid

to Strengthen Restaurant Chain Business in Asia

G-7 Holdings Inc., listed on the First Section of the Tokyo Stock Exchange (code: 7508), announced on October 23 that it will open the Japanese-style curry restaurant "OUGON CURRY Binh Duong Canary Restaurant" in the Socialist Republic of Vietnam on November 1, 2014,.

The restaurant, to be located at the AEON Mall Binh Duong Canary Shopping Center, AEON's second shopping mall in Vietnam opening on November 1, will be the first restaurant in Vietnam for the G-7 Group.  

The G-7 Group opened a "ramen" noodle restaurant in Malaysia in February 2014, kicking off its restaurant business in Asia as part of the group's overseas business expansion strategy. In Vietnam, the curry restaurant will soon be followed by a "Ramen Kanbe" restaurant in a move to promote the group's licensing business in the restaurant sector.  

As curry and ramen have grown popular in Asia in the wake of the recent Japanese food boom, the group decided that a curry or ramen restaurant, which costs less to open than its Autobacs car parts dealership, will become profitable in a short period of time if customers increase as planned.  

In Japan, the G-7 Group runs a range of restaurant chains including buffet restaurants, curry and ramen shops, and an "okonomiyaki" cook-it-yourself hot plate restaurant.

The group established G7 Viet Nam Binh Duong Co., Ltd. (G7 Viet Nam Binh Duong) in September 2014 to accelerate its multiple chain operations in Vietnam.  

Outline of OUGON CURRY Binh Duong Canary Restaurant:  

1. Name: OUGON CURRY Binh Duong Canary Restaurant

2. Location: Binh Duong Province, Socialist Republic of Vietnam (Lot S3, 2F, AEON Mall-Binh Duong Canary, Binh Duong Boulevard, Binh Hoa Ward, Thuan An Town, Binh Duong Province)

3. Business hours: 11:00 to 22:00

4. Number of seats: 40  

Outline of G7 Viet Nam Binh Duong Co., Ltd.:

1. Name: G7 Viet Nam Binh Duong Co., Ltd. (G7 Viet Nam Binh Duong)

2. Location: Lot S3, 2F, AEON Mall-Binh Duong Canary, Binh Duong Boulevard, Binh

Hoa Ward, Thuan An Town, Binh Duong Province

3. Established: September 26, 2014

4. Capitalization: US$160,000 (about 17.5 million yen at 109 yen to the dollar)

5. Representative: Sanae Fukutome

6. Line of business: Restaurant business in Vietnam

About G-7 Holdings Inc.

Chairman and representative director: Mamoru Kinoshita

Headquarters: Kobe, Hyogo Prefecture, Japan

Source: G-7 Holdings Inc.  

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