C Two-Network was acquired by Tesco on June 10, 2003

Retail Company

Out of 60 sectors in the Mergr database, retail ranked 15 in number of deals in 2003. The largest retail acquisition in 2003 was Debenhams - which was acquired by TPG Global for $2.9B.

Join Mergr to view all 46 acquisitions of retail companies in 2003, including 27 acquisitions by private equity firms, and 19 by strategics.

C Two-Network Co. Ltd.

4F Shiroyama MT Bldg 4-1-17 Toranomon,
Tokyo, 105001
Japan,
+81 3 5405 9891

C Two-Network Co. Ltd. is a food retailer operating 78 stores together with some wholesaling activity. C Two-Network operations are mainly in the Tokyo metropolitan area. C Two-Network was founded as a wholesale business. In 1994, using its previous experience and know-how C Two-Network entered the Japanese food retail sector. C Two-Network trades under the brand names Tsurukame, Tsurukame Land, Foodlet and Kamechuru. It now operates 78 stores, many of which are in the Tokyo metropolitan area. Food retail operations now account for 87% of sales (including Foodlets). With stores ranging from 100sq metres-1000sq metres, C Two-Network's focus is on the retailing of packaged foods (grocery and refrigerated) through supermarkets with tenant fresh food operators. Its consistent strength in product procurement has allowed it to increase both revenues and profits for 11 consecutive years.


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