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.