Muji, Japan's trendy "no-brand" brand of sleek but simple housing goods and clothing, will enter the US with a store in New York.
Muji, which has developed a loyal following in European and Asian cities among some style-conscious young professionals, will open the store in November in Soho.
The 300m2 store will offer more than 2,000 Muji products ranging from furniture to beauty products, parent company Ryohin Keikaku Co's US unit said in a statement released on Thursday in New York.
Muji, an acronym meaning "no brand, good quality" in Japanese, started in 1980 selling a small selection of household articles with a policy of not putting on any logo.
But even without a label, Muji's style has become instantly identifiable, with minimalist designs and few colors other than white, grey and black. The chain also pledges to keep packaging to a minimum so as to be eco-friendly.
Muji opened its first overseas store in London in 1991 and last year even launched an international design award. Muji now has more than 300 stores in Japan and more than 60 outlets in 14 other countries or territories.
In Taiwan, the company launched its outlets in 2004, through a joint venture with President Chain Store Corp (
Muji is the latest minimalist-inspired Japanese firm to set its sights on further expansion overseas.
Fast Retailing, the operator of the Uniqlo chain of casual but affordably priced clothing, plans to open a flagship store in London in November.
Mercuries Life Insurance Co (三商美邦人壽) shares surged to a seven-month high this week after local media reported that E.Sun Financial Holding Co (玉山金控) had outbid CTBC Financial Holding Co (中信金控) in the financially strained insurer’s ongoing sale process. Shares of the mid-sized life insurer climbed 5.8 percent this week to NT$6.72, extending a nearly 18 percent rally over the past month, as investors bet on the likelihood of an impending takeover. The final round of bidding closed on Thursday, marking a critical step in the 32-year-old insurer’s search for a buyer after years of struggling to meet capital adequacy requirements. Local media reports
US sports leagues rushed to get in on the multi-billion US dollar bonanza of legalized betting, but the arrest of an National Basketball Association (NBA) coach and player in two sprawling US federal investigations show the potential cost of partnering with the gambling industry. Portland Trail Blazers coach Chauncey Billups, a former Detroit Pistons star and an NBA Hall of Famer, was arrested for his alleged role in rigged illegal poker games that prosecutors say were tied to Mafia crime families. Miami Heat guard Terry Rozier was charged with manipulating his play for the benefit of bettors and former NBA player and
The DBS Foundation yesterday announced the launch of two flagship programs, “Silver Motion” and “Happier Caregiver, Healthier Seniors,” in partnership with CCILU Ltd, Hondao Senior Citizens’ Welfare Foundation and the Garden of Hope Foundation to help Taiwan face the challenges of a rapidly aging population. The foundation said it would invest S$4.91 million (US$3.8 million) over three years to foster inclusion and resilience in an aging society. “Aging may bring challenges, but it also brings opportunities. With many Asian markets rapidly becoming super-aged, the DBS Foundation is working with a regional ecosystem of like-minded partners across the private, public and people sectors
BREAKTHROUGH TECH: Powertech expects its fan-out PLP system to become mainstream, saying it can offer three-times greater production throughput Chip packaging service provider Powertech Technology Inc (力成科技) plans to more than double its capital expenditures next year to more than NT$40 billion (US$1.31 billion) as demand for its new panel-level packaging (PLP) technology, primarily used in chips for artificial intelligence (AI) applications, has greatly exceeded what it can supply. A significant portion of the budget, about US$1 billion, would be earmarked for fan-out PLP technology, Powertech told investors yesterday. Its heavy investment in fan-out PLP technology over the past 10 years is expected to bear fruit in 2027 after the technology enters volume production, it said, adding that the tech would