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Yaohan was a
Japanese retail store. The company was founded in
1928, at first it was just one shop, it became gradually a
super-market chain.
In the 1990s, the departement store expanded dramatically abroad,
especially into into the
People's Republic of China. At its peak, it had 450 outlets in 16
countries, including 9 in
Hong Kong where Yahoan moved its headquarters. Most of its shops in
Japan were in
Shizuoka prefecture, South of
Tokyo
The company that was listed at
Tokyo Stock Exchange went
bust with 161 billion yen of debts. It was the biggest postwar failure
in Japan's retail sector at the time. The super-market chain asked for
protection from creditors under Japan's Corporate Rehabilitation Law on
September 18,
1997. Many outlets were closed.
In March
2000 Yaohan was bought by
ΖON Group and changed its name to
Maxvalu Tokai.
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