The Aeon retailer was founded in 1758 by Sozaemon Okada under the name Shinoharaya. Selling in kimono fabric and accessories. In 1887 the name of the company was changed to Okay and in 1926 the company was restructured as joint-stock.
Original name of the retailer was Jusco, was adopted in 1970, an acronym of the Japan-United Store company. The company rebranded in 1989 under the name Aeon. The company still operates under the brand Jusco in mainland China
Aeon is currently headquartered in Chiba, Japan and is run by the Aeon Group. The company is publicly owned and operates 157 malls and 598 hypermarkets in Japan, China, Malaysia, and Vietnam.
The stores specialize in apparel and footwear. However, the chain is considered a general merchandise retailer, carrying everything from drugstore goods to home improvement. The Aeon malls and markets employ 360,000 people and have total assets of $5,725,862 as of 2013.
The Aeon Group operates several subsidiaries. Including Sunday Co LTD, four separate divisions Of Maxvalu, LTD, and Ministop. With the goal of being the largest retailer in all of Asia. Governance of the Aeon Group operates under a Classic Governance with a CEO overseeing a Board of Directors and Executive Officers.