Dean & DeLuca Announces International Expansion With Plans to Launch Flagship Tokyo Store; Flagship International Dean & DeLuca Store Scheduled to Open in 2003.Business Editors TOKYO & NEW YORK--(BUSINESS WIRE)--June 6, 2002 Dean & DeLuca today announced plans to expand into the international market by signing an exclusive Licensing and Distribution Agreement with ITOCHU Corporation of Japan. The Agreement, which will bring Dean & DeLuca specialty stores and cafes as well as Dean & DeLuca branded products into Japan, was announced today by Dean & DeLuca President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dane J. Neller. The creation of Dean & DeLuca Japan Co., Ltd., which will oversee plans to open the flagship Dean & DeLuca store in Tokyo in 2003, was made possible through a joint venture between Dean & DeLuca and ITOCHU Corporation, and marks Dean & DeLuca's first specialty market outside America. "Dean & DeLuca's international expansion into Japan comes at a very auspicious time for our Company," said Neller. "It caps off nearly a quarter century of growth, which has included our expansion into thirteen store locations in select markets across America, as well as the launch of our international catalogue and e-commerce businesses. I am extremely pleased that this is the latest in a series of new store openings for Dean & DeLuca that will provide our exceptional products and services to customers around the world." As part of the exclusive License and Distribution Agreement with Dean & DeLuca Inc., ITOCHU Corporation plans to start a new category of food business consisting of high-end specialty foods and fashion through its joint venture, Dean & DeLuca Japan Co., Ltd. The Japan-based ownership of Dean & DeLuca Japan Company Ltd. consists of ITOCHU Corporation; Mr. Yokokawa, chairman of Skylark skylark, common name for a passerine songbird (Alauda arvensis) famous for the soaring, melodious flight of the courting male. Found in Europe (except in the Mediterranean area), it is 7 1-4 in. (18. Company Limited, a prominent restaurant group in Japan; and Mr. Uichi Yamamoto, a fashionable Tokyo restaurateur res·tau·ra·teur also res·tau·ran·teur n. The manager or owner of a restaurant. [French, from restaurer, to restore; see restaurant. . ITOCHU Corporation projects that retail sales for Dean & DeLuca Japan stores will reach approximately $50 million US in five years. About ITOCHU Corporation With annual revenues ranking among those of the world's largest corporations, ITOCHU Corporation is a globally integrated trading company with offices in over 80 countries and operations spanning a broad spectrum of industries. Developed during 140 years of business, ITOCHU offers unparalleled scope and diversity in every market--retail, finance, media, technology, and trade--in helping companies cross into the international business arena. As master licensee or sole importer, ITOCHU maintains a significant portfolio of key brands in Japan including Giorgio Armani  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Bvlgari, Guess, J.Crew, Nautica, Paul Smith, Tommy Hilfiger Thomas Jacob Hilfiger (born March 24, 1951 in Elmira, New York) is a world-famous American fashion designer and creator of the eponymous "Tommy Hilfiger" and "Tommy" brands. Biography Hilfiger was born March 24, 1951 and raised in Elmira, New York. , Tumi and Vivienne Westwood Dame Vivienne Westwood, DBE, RDI, (born 8 April, 1941) is an English fashion designer largely responsible for modern punk and new wave fashions[1]. She is linked with the Sex Pistols via Malcolm McLaren and their SEX/Seditionaries . About Dean & DeLuca Founded in 1977 by Joel Dean, Giorgio DeLuca Giorgio DeLuca is one of the founders, along with Joel Dean and Jack Ceglic, of the gourmet grocery store Dean & DeLuca in September 1977. Before that, DeLuca owned a cheese shop on Prince Street in New York City which he opened in 1973. and Jack Ceglic with the opening of its flagship store in SoHo New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Dean & DeLuca has quickly grown into a multi-channel retailer of gourmet and specialty foods, premium wines and high-end kitchenware with operations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad. Dean & DeLuca specialty products are sold through its thirteen retail stores and cafes in select U.S. markets (New York, Washington, D.C., Napa Valley Napa Valley, Calif.: see under Napa. Napa Valley greatest wine-producing region of the United States. [Am. Hist.: NCE, 2990] See : Wine , Charlotte, and Kansas City, MO), a consumer and corporate gift catalogue, and an e-commerce site, www.deandeluca.com. Dean & DeLuca also markets its private label products to other retailers and wholesalers throughout the world. Through an exclusive Licensing and Distribution Agreement with ITOCHU Corporation of Japan, Dean & DeLuca will expand into the Japanese market with the launch of its flagship Tokyo store planned in 2003. |
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