Picard travels from Europe to Japan.
Having sold frozen grocery products for 2 years within 9 Aeon supermarkets, Picard opened a 1st fully-owned store in Tokyo (Kotto-Dori in Omotesando), with two more due. The new store is managed via a joint venture with Aeon Saveurs and sells the same products as France. For one year, Swiss industrial bakery Arytza has 49% of Picard, with a call option within 3 years. Picard (sales of €1.37 billion in 2015, +1.9%) runs 950 French stores and 100 in other...