Wednesday, October 16, 2013
JIN To Establish Wholly Owned Eyewear Unit In U.S.
TOKYO (NQN)--JIN Co. (3046) said Wednesday it will set up a wholly owned eyewear company in the U.S. in November with the intention of selling its glasses online as well as through its own physical stores.
The first shop will open in San Francisco in autumn next year. The U.S. company will be headquartered in the state of Delaware, but most of the business operations will be in California.
The local unit will be capitalized at 10 million dollars (980 million yen). JIN does not expect the U.S. business to have much of an impact on the firm's group earnings for the year ending August 2014.