As-me ESTELLE CO., LTD. completed the acquisition of Bloom Outlet Co., Ltd. from B Outlet Co., Ltd.
May 08, 2013 at 12:00 am
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As-me ESTELLE CO., LTD. (JASDAQ:7872) entered into a contract to acquire Bloom Outlet Co., Ltd. from B Outlet Co., Ltd. for approximately ¥110 million on April 15, 2013. As-me ESTELLE will acquire 200 shares of Blooming. In related transactions, As-me ESTELLE CO., LTD. entered into contract to acquire Bloom 21, Inc. from B 21 Co., Ltd. for approximately ¥490 million and Blooming Co., Ltd. from B Ming Co., Ltd. for approximately ¥390 million. The transactions will be funded from cash in hand. In the year ended February 2013, Bloom Outlet reported sales of ¥225 million. The transaction is expected to close on May 8, 2013. In relation to this share acquisition, advisory fees and other compensation expenses are ¥14 million.
As-me ESTELLE CO., LTD. (JASDAQ:7872) completed the acquisition of Bloom Outlet Co., Ltd. from B Outlet Co., Ltd. on May 8, 2013.
ESTELLE HOLDINGS CO., LTD., formerly As-me ESTELLE CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of rings, necklaces, bracelets, piercing jewelries, earrings, accessories and eyeglasses, among others. The Company operates in two segments, including Jewelry Products segment and Eyeglasses segment.