It was announced yesterday by The Walt Disney Company Japan that Disney Japan will acquire Retail Networks Co., the company that owns and operates the country’s Disney Store retail locations, from parent company Oriental Land. Talks of the acquisition began last year and the transition is expected to be finalized as of April 1, 2010, the eighth anniversary of RNC. RNC owns and operates 54 Disney Store locations throughout the country, although it’s expected to close six of them by March.
Financial details for the transaction have not yet been announced. Oriental Land is the parent company for the Disney Parks in Japan.