Mitsui : to establish food sector e-commerce fulfillment provider
August 11, 2020 at 03:09 am
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Mitsui & Co., Ltd. ('Mitsui', Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) will establish Retail Digital Solutions Co., Ltd. ('RDS'), a new company that will provide e-commerce site development, operations, logistics and other services (e-commerce fulfillment operations) for manufacturers and retailers in the ever-expanding B to C food sector e-commerce market.
RDS will draw on the knowledge and experience of BBF, Inc., an e-commerce fulfillment company operating in the fashion industry (in which Mitsui owns a 16.5% stake), along with Mitsui's customer network, to contribute to the further digitalization of the consumer food business. The company also plans to utilize consumer data for product development, advertising, sales promotions, and other marketing activities, and demonstrate its capabilities in developing and selling highly differentiated products.
With the establishment of RDS, Mitsui aims to accelerate the development of its food e-commerce business and contribute to the development of rich and convenient dietary lifestyles by delivering products and services that meet the new needs of consumers.
Outline of the company
Official name
Retail Digital Solutions Co., Ltd.
Head Office
Chiyoda-ku, Tokyo, Japan
Representative
Mitsuhiro Goto
Date established
July 2020
Captial
¥200 million (Capital 100 million, capital reserve ¥100 million)
Investment ratio
Mitsui & Co. 100%
Business outline
Internet sales, infrastructure development, operations, logistics and sales
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Mitsui & Co. Ltd. published this content on 11 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2020 02:08:13 UTC
Mitsui & Co., Ltd. is a diversified group organized around 7 sectors of activity:
- distribution of chemical products (24.3% of net sales);
- distribution of foods, consumer products and pharmaceuticals (23%). The group is also engaged in real estate asset management;
- production and sale of gas and oil products (22.1%);
- production of minerals and non ferrous metals (16.2%);
- manufacturing of industrial engines equipments (7.3%);
- distribution of iron and steel products (5.2%);
- other (1.9%): primarily sale of IT and communication products, financing and logistics services.