MatsukiyoCocokara & Co., formerly known as MD Holdings, is a leading Japanese retail group operating one of the nation’s largest drugstore networks. The company combines the heritage brands Matsumoto Kiyoshi and Cocokara Fine to offer a comprehensive range of products, including prescription and over-the-counter pharmaceuticals, cosmetics, personal care and household items, health supplements and daily necessities. Its stores cater to a wide demographic, from local customers to international visitors taking advantage of tax-free shopping.
The company’s roots trace back to the founding of Matsumoto Kiyoshi in 1932 in Matsudo, Chiba Prefecture, and the establishment of Cocokara Fine in 1974 in Hiroshima. These two prominent chains merged under the umbrella of MD Holdings in April 2021, creating an integrated retail platform. In 2022, the group officially rebranded as MatsukiyoCocokara & Co. to reflect the unified operations and to strengthen its market position.
With more than 2,000 outlets across Japan’s major urban and regional areas, MatsukiyoCocokara & Co. has also built a robust e-commerce channel to meet the rising demand for online shopping. While its primary focus remains on the domestic market, the company is exploring overseas partnerships and franchise models in Asia, leveraging its established supply-chain infrastructure and private-label capabilities.
Governed by a board of directors representing both legacy chains, the company is prioritizing supply-chain optimization, expansion of private-label products and enhancement of its digital platforms. These initiatives aim to drive sustainable growth and maintain MatsukiyoCocokara & Co.’s competitive edge in Japan’s dynamic retail landscape.
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