Maison Solutions Inc. Enters into Agreement to Divest San Gabriel and Monrovia Store Operations as Part of Strategic Realignment Toward Operational Efficiency and AI-Enabled Growth

About this update from Maison Solutions Inc.

MONTEREY PARK, CA / ACCESS Newswire / July 3, 2026 / Maison Solutions Inc. (Nasdaq:MSS) ("Maison Solutions" or the "Company"), a specialty grocery retailer offering traditional Asian food and merchandise to U.S. consumers, today announced that its subsidiaries have entered into an asset purchase agreement to divest the assets and operations of the Company's San Gabriel and Monrovia store locations for an aggregate purchase price of $4.5 million, excluding inventory, which will be purchased separately pursuant to inventory purchase agreements. The closing of the transaction is expected to occur on or before December 31, 2026, subject to the terms and conditions of the Asset Purchase Agreement. The transaction is part of the Company's ongoing strategic realignment to reduce exposure to underperforming store-level operations, improve operating efficiency, strengthen its cash-flow profile, and focus management resources on higher-value opportunities in food retail, supply chain operations, and technology-enabled growth. The San Gabriel and Monrovia store operations had been operating at a loss and required ongoing working capital and management resources. The Company believes that divesting these non-core and loss-generating operations will allow Maison Solutions to reduce operating drag, improve overall financial discipline, and create a more focused store portfolio. Following the divestiture, the Company expects its continuing store base to have a stronger operating profile, with reduced exposure to loss-generating locations and improved potential for store-level profitability, cash-flow generation, and overall operating performance. By reducing exposure to store-level losses and reallocating resources, the Company expects to better align its operating structure with its broader strategic focus on efficiency, technology enablement, and long-term value creation in the food retail and supply chain sector. The Company believes the food retail and supply chain industries are undergoing a meaningful technology upgrade cycle, with increasing opportunities to apply automation, AI-driven workflow tools, data analytics, and other technology-enabled solutions to improve operational visibility, inventory and procurement management, customer engagement, margin analysis, and operating decision-making. The Company intends to continue evaluating AI-native and data-driven ...

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