Don Quijote’s Bold Move: Acquiring U.S. Sushi Chain Mikuni

In a strategic endeavor to expand its overseas sushi business, the operator of Japan's renowned discount chain, Don Quijote, will soon acquire all shares of the U.S. sushi chain, Mikuni Restaurant Group. The acquisition is set to take place in early April and will be executed through a U.S. restaurant chain under Pan Pacific International Holdings (PPIH), the parent company of Don Quijote. This move aims to leverage Mikuni's expertise in sourcing ingredients to bolster Don Quijote's international food ventures.

The acquisition comes as part of Don Quijote's broader strategy to strengthen its presence in the global sushi market. Known for its extensive chain of discount stores, Don Quijote is looking to diversify and capitalize on the growing popularity of sushi worldwide. By acquiring Mikuni Restaurant Group, which has established a reputable name in the U.S., Don Quijote seeks to enhance its culinary offerings and tap into new markets.

Mikuni Restaurant Group, based in the United States, brings a wealth of experience in sourcing premium ingredients, a critical component in the sushi business. This expertise will be instrumental for Don Quijote as it expands its sushi operations not only in the U.S. but also in other regions where Pan Pacific International Holdings operates, such as Singapore and various Southeast Asian countries.

While the acquisition price remains undisclosed, the move signifies a significant investment by Don Quijote in its overseas business portfolio. Pan Pacific International Holdings' existing presence in the U.S. and Southeast Asia provides a strategic advantage for integrating Mikuni's operations into their existing sushi restaurant network.