Wine In Style Business Reorganization

21
Sep
2021
Tuesday
Details

September 2021
WineInStyle, Inc.
President
Michael Khoo
nakato CO., LTD.
President
Harumi Yukawa

To Whom It May Concern:
We truly hope that this letter finds you safe and in good health. Thank you for your continued support.
 

We are pleased to inform you that WineInStyle, Inc. and nakato CO., LTD., will reorganize our wine businesses, as follows, starting on March 1, 2022.


1. Background and Purpose of Wine Business Reorganization
The business environment surrounding our wine businesses is becoming extremely complicated due to the diversification of consumer values and changes in the market environment due to the Covid pandemic. In order to respond to these changes in the business environment, WineInStyle, Inc. and nakato Co., Ltd. will integrate their wine businesses and aim to develop a stronger integrated system for high-quality wine wines that will meet Japan market needs.


2. Details of Wine Business Reorganization
(1) The wine division of nakato CO., LTD. will be separated through an absorption-type corporate split. It will be succeeded to WineInStyle, Inc.
(2) WineInStyle, Inc. will change its corporate name to WINE TO STYLE, Inc. In addition to California and Chile wines, WINE TO STYLE, Inc. will import, sell and market high-quality wines from France and Italy.
Under the new structure, all employees of the wine businesses will continue to work hard to grow the brands of our winery partners throughout Japan.
nakato CO., LTD. will concentrate its management resources on its food business and will strive to meet the expectations of its business partners. Thank you for your continued support.

3. Wine Business Structure from March 1, 2022 (scheduled):
Corporate name: WINE TO STYLE, Inc. (former corporate name: WineInStyle, Inc.)
Business Description: Import and sales of imported wines.


Office Location:
Juban Toyu Building 2F
1-5-30 Azabu-Juban
Minato-ku, Tokyo 106-0045
Chairman: Amane Nakashima
President: Michael Khoo


Paid-in Capital: JPY100 million (wholly owned subsidiary of Nakashimato, Co. Ltd.)
* From March 1, 2022, WINE TO STYLE, Inc. will succeed the wine business of nakato CO., LTD. We will inform our business partners as soon as the details are confirmed.

 

Inquiries:
WineInStyle, Inc.: Mr. Aida +81-3-5413-8831
nakato Co., Ltd.: Mr. Fuse +81-3-5413-2048

 

Download the letter (PDF)

Date & Time
  • 21 September 2021

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