Edition:
India

Junko Fujita

Japan's Hoshino aims to revive virus-hobbled hotels through new investment fund

02 Jun 2020

TOKYO, June 2 Japan's Hoshino Resorts, operator of Hoshinoya luxury hotels, is seeking opportunities to revive hotels hit by the coronavirus outbreak and a delay in the Tokyo 2020 Olympic Games, its chief executive said on Tuesday.

As Japan slow-walks stimulus, small businesses fear collapse

14 May 2020

TOKYO For Japan's shell-shocked small businesses, a promised $1.1 trillion in stimulus is proving too little, too late, raising the likelihood of a surge in bankruptcies at companies that employ nearly three-quarters of the workforce.

Japan's Hoshino Resorts to shift its focus to domestic travellers

24 Apr 2020

TOKYO Hoshino Resorts, an operator of luxury Japanese-style hotels, plans to shift its focus to domestic travellers after a plunge in foreign visitors amid the coronavirus pandemic and a delay in the Tokyo 2020 Olympic Games, its chief executive said Friday.

REFILE-Coronavirus impact cuts Japan March hotel occupancy rate to lowest on record -research firm

10 Apr 2020

TOKYO, April 10 Japan's hotel occupancy rate tumbled to 30.5% in March, according to preliminary data from global hotel research firm STR, the worst monthly average in the latter's records as the coronavirus pandemic slashed numbers of people travelling.

Lone Star succeeds in $1.9-billion buyout of Japan hotel chain Unizo

03 Apr 2020

TOKYO U.S. buyout fund Lone Star has struck a $1.9-billion deal for hotel chain Unizo Holdings Co Ltd , the Japanese firm said on Friday, ending a nine-month bidding war among global investors such as Blackstone Group and Fortress Investment Group.

Carlyle raises $2.3 billion for its biggest Japan fund to date

24 Mar 2020

TOKYO Carlyle Group said it has raised 258 billion yen ($2.3 billion) for its biggest Japan fund to date, aiming to pick up businesses shed by conglomerates as well as companies where elderly owners have no obvious successors.

UPDATE 1-Japan's Unizo says Elliott, Ichigo agreed to tender shares

18 Mar 2020

TOKYO, March 18 Japanese hotel chain Unizo Holdings Co Ltd said on Wednesday top shareholders Elliott Management and Ichigo Asset Management have agreed to tender their shares to Lone Star after the U.S. fund raised its bid to 6,000 yen per share.

After miracle recovery, Fukushima brewers look to the Games to push sake globally

13 Mar 2020

AIZU WAKAMATSU, Fukushima The earth in Fukushima still trembled when Yoshihiro Miyamori drove in the dark towards his sake brewery. When he got back after midnight, he found smashed sake bottles and a crack in the wall of the building. It was March 11, 2011.

Japan's Takeda Pharma says it is developing coronavirus drug

04 Mar 2020

TOKYO Takeda Pharmaceutical Co said on Wednesday it was developing a drug for high-risk patients infected with the new coronavirus, joining several other drugmakers seeking to develop a treatment for an illness that has killed over 3,000 people.

Japan's Takeda Pharma says it is developing coronavirus drug

04 Mar 2020

TOKYO Takeda Pharmaceutical Co said on Wednesday it was developing a drug for high-risk patients infected with the new coronavirus, joining several other drugmakers seeking to develop a treatment for an illness that has killed over 3,000 people.

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