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J. Front Retailing fronts the retail operations of leading Japanese department stores The Daimaru and Matsuzakaya Holdings. The holding company was created by the merger of the two ailing rivals in 2007. The Daimaru, founded as a drapery shop in 1717, operates about 15 upscale shops in western Japan. Matsuzakaya, founded in 1611 as a kimono retailer, runs eight department stores in central Japan, including its flagship location in Nagoya. J. Front's Peacock Stores unit operates some 90 supermarkets in the Chubu, Kansai, and Tokyo districts of Japan. The company's other activities include construction, credit services, direct marketing, furniture making, restaurants, and wholesale textiles.

Craving Italian fashions? La Rinascente operates more than a dozen upscale la Rinascente department stores in cities across Italy. The company's flagship store near the Duomo in Milan -- Italy's fashion capital -- accounts for about 50% of sales. The retailer also operates the UPIM chain of some 340 company-owned and franchised stores throughout Italy and a single concept store in Rome called Jam. La Rinascente tempts shoppers with luxury brands such as Louis Vuitton, Fendi, Salvatore Ferragamo, and Gucci. Aldo and Senatore Borletti founded La Rinascente in 1917. Today the company is owned by its chairman, the Italian entrepreneur Maurizio Borletti (Aldo's grandson)

Liberty Plc aims to deliver a liberal dose of luxury to London's shoppers. The firm operates a high-end department store on London's Regent Street under the Liberty banner. The landmark Tudor revival style emporium offers fashion-forward men's and women's apparel, shoes and accessories, beauty products, home goods, and other sundries and services. About a third of its revenue is generated by Liberty Art Fabrics, which designs, makes, and distributes high-quality, avant-garde textiles. Founded in 1875 by Arthur Lasenby Liberty, the firm has had a historic relationship with Japan and objects from that area.

Lifestyle International Holdings Limited (the “Company” or “Lifestyle International” together with its subsidiaries, collectively the “Group”) is a Hong Kong-based retail operator that specializes in the operation of mid to upper-end department stores through its two retailer brand names, SOGO and Jiuguang, in Hong Kong and the PRC. The Group owns two SOGO stores in Hong Kong including the flagship store in Causeway Bay (“SOGO CWB”), the largest and leading department store in Hong Kong, as well as the Tsim Sha Tsui store (“SOGO TST”), which features a slightly different format that targets a younger group of customers. Our Shanghai Jiuguang Store was established with a similar business format to that of our flagship SOGO CWB, and has gained considerable popularity and become one of the most preferred shopping destinations in Shanghai since its grand opening in September 2004.

Lotte Shopping's department stores offer more than the usual shopping experience. The company is a leading retailer in South Korea with some 30 department and discount stores across the nation. It owns one of the largest retail chains in the country with facilities that are part of vast retail complexes that often include cinemas, shopping malls, hotels, theme parks, and wedding halls. It also has a store in Moscow (opened in 2007). In China, where Lotte Shopping is looking to grow, its 2009 purchase of Times Ltd., an operator of 65 hypermarkets and supermarkets in east China, boosted its retail presence there to about 75 stores. Lotte Shopping, which was established in 1979, is looking to grow overseas.

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