Yoshitsu Co., Ltd.
TOKYO, Oct. 14, 2024 (GLOBE NEWSWIRE) — Yoshitsu Co., Ltd. (“Yoshitsu” or the “Company”) (NASDAQ: TKLF), a Japanese retailer and wholesaler of beauty and health products, miscellaneous goods, and luxury goods. ), Tokyo Lifestyle Co., Ltd., which sells electronics and other products in Hong Kong, Japan, North America, and the United Kingdom, today announced plans to change its trade name to Tokyo Lifestyle Co., Ltd. As part of our growth strategy to respond to evolving market conditions and strengthen our brand identity. This change will take effect on October 31, 2024.
Our English name will be changed from “Yoshitsu Co., Ltd.” to “Tokyo Lifestyle Co., Ltd.” and our Japanese name will be changed from “Yoshitsu Trading Co., Ltd.” to “Tokyo Lifestyle Co., Ltd.”. There will be no changes to the current logo or existing ticker symbol TKLF. Our company will open a new company website https://www.tokyolifestyle.com. This rebranding will not affect or delay any current or future orders.
Mei Kanayama, Yoshitsu’s representative executive officer, said, “Given changes in the market environment and the global recognition of our main brand, Tokyo Lifestyle, we will continue to grow our business while increasing brand recognition and influence.” We have made the important decision to expand.” . This name change improves alignment with our core proprietary brands and more clearly reflects our product concept and image. We believe this rebranding will support our long-term growth strategy. Over the next few weeks, we will be implementing a series of plans to reflect the name change. ”
About Yoshitsu Co., Ltd.
Yoshitsu Co., Ltd., headquartered in Tokyo, Japan, is a retailer and wholesaler of Japanese beauty and health products, miscellaneous goods, luxury goods, electronic products, and other products in Hong Kong, Japan, North America, and the United Kingdom. Our company sells various beauty products (cosmetics, skin care, fragrances, body care products, etc.), health products (over-the-counter drugs, nutritional supplements, medical supplies/equipment, etc.), miscellaneous goods (household products, etc.), and other products ( (including food and alcoholic beverages). We currently sell our products to directly operated brick-and-mortar stores, online stores, franchise stores, and wholesale customers. For details, please visit our website https://www.ystbek.co.jp/irlibrary/.
Forward-looking statements
Certain statements in this press release are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain known information. They involve unknown risks and uncertainties and are based on our current expectations and projections regarding future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Based on. Investors should read these forward-looking statements as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” etc. It can be identified by words and phrases such as “I do” and “I believe.” “may,” “continues,” “likely” or other similar expressions. We undertake no obligation to update any forward-looking statements to reflect subsequent events or circumstances or to reflect changes in our expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company also cautions investors that actual results may differ materially from anticipated results and encourages investors to: Discuss other factors that may affect future results in our registration statement and other filings with the Securities and Exchange Commission.
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For more information, please contact us below.
Yoshitsu Co., Ltd.
Investor Information Department
Email: ir@ystbek.co.jp
Ascent Investor Relations LLC
Tina Hsiao
president
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
