Animate and Mandarake News

posted on 2000-11-06 22:44 EST
According to the November 6th issue of Nippon Keizai Shimbun (Japan
Economy Newswire), officials at second hand manga retailer Mandarake have decided to give up their plans to build the Manga-no-Dendo
(Sanctuary of Manga) Building. Manga-no-Dendo was to be built at the cost of 7-10 billion yen ($65m - $93m) and was slated to open in Tokyo sometime in 2002.

Mandarake's stock prices have taken a beating since they first listed in July, falling to a fifth of their original value

Instead of the Megastore, they say they are openning five or six small stores both in the United States and Japan in 2001. Mandarake was the first Japanese Anime/Manga retailer to open a store in the USA when it opened its first US outlet in California this past year.

Animate!, one of Mandarake's chief competitors in Japan will be the second company to open a North American store this year when it opens its first US location on December 1st. Animate!'s official grand opening is however scheduled for December 23, just before Christmas. The store managers have invited local Anime fans and clubs to the opening and are encouraging cosplayers to show up in cotume.

Mandarake US Location:
21515 South Western Avenue
Torrance, California 90501
(310) 212-0777
[email protected]

Animate! US Location:
7314 Melrose Avenue
(between La Brea and Fairfax)
Los Angeles, California 90046-7513

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