Maruhan, through its subsidiary Encore Group, has acquired shares in Magellan Resorts and Trust.
Founded in 1998 and based in Kanazawa, Ishikawa, Magellan Resorts and Trust is a travel planning company targeting the world’s wealthy clientele. The stake acquired amounts to 90%.
Maruhan is advancing new business developments with “tourism business for the wealthy” as its second pillar. The acquisition is expected to create strong synergy. The current management structure will be maintained, with Maruhan also appointing officers to the board. The integration of management between the two companies will be further advanced.
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