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Reuters
Published
Nov 30, 2012
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Fast Retailing to take control of J Brand Holdings for $290 million

By
Reuters
Published
Nov 30, 2012

TOKYO - Japan's Fast Retailing Co said it will buy an 80.1 percent stake in U.S. denim maker J Brand Holdings from Star Avenue Capital and J Brand managers for $290 million to gain more brand clout in the United States. J Brand managers will hold the remaining 19.9%.


Tadashi Yanai and Jeff Rudes of Fast Retailing and J Brand.


J Brand was only recently established, and its niche position has higher volatility in fashion than casual wear. Nevertheless, the company has solid brand recognition in the U.S. market and maintains good margins. Through the acquisition, Fast Retailing will be able to gain ground in women's apparel, which the company has been focusing on, while at the same time increasing its footprint in the U.S. market.

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