Yoshitsu Co., Ltd.’s Subsidiary REIWATAKIYA LV LLC Enters into a Lease Agreement with Fashion Show Mall LLC to Expand Market Presence in the U.S. Market

Tokyo, Japan, March 05, 2024 (GLOBE NEWSWIRE) -- Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, as well as other products in Hong Kong, mainland China, Japan, North America, and the United Kingdom, today announced that the Company, through its subsidiary, REIWATAKIYA LV LLC, a Nevada limited liability company, entered into a lease agreement (the "Lease") on February 21, 2024 with Fashion Show Mall LLC, a Delaware limited liability company, to lease a premise for its new store located in Fashion Show Las Vegas (“Fashion Show”), a shopping, dining and entertainment destination on the Las Vegas Strip. The move is expected to expand the Company’s operational network in the U.S. market and strengthen its market presence.

Pursuant to the Lease, the leased premise is located at Space No.2015 of the Fashion Show shopping center in the City of Las Vegas, County of Clark, State of Nevada, U.S.A., covering a floor area of approximately 2,328 square feet. The lease term will expire on September 30, 2029, during which a REIWATAKIYA store engaged in the retail of cosmetics, fragrances, health and beauty products, body care products, and other such related products and services is expected to be in operation. The official opening date of the store is scheduled to be October 1, 2024.

Mr. Mei Kanayama, the Principal Executive Officer of Yoshitsu, commented, “We are excited to share with you the upcoming opening of our new Las Vegas store, a significant step made possible through our recent Lease with Fashion Show Mall LLC. We believe that this step is a key part of our ongoing efforts to broaden the scope of our business and enhance our brand awareness in the U.S. By establishing a presence in the Fashion Show shopping center, we aim to introduce a diverse range of top-quality Japanese products to cater to the varied needs of Las Vegas consumers. As we move forward, our focus will be on adapting and expanding our product range to better serve the local market and on establishing a solid foundation for additional U.S. locations. We are optimistic that this international expansion will inject new energy into our growth and development.”