Acquisitions · Apparel
Adastria buys California apparel brand Velvet
- Buyer
- Adastria (Tokyo)
- Target
- Velvet LLC, California
- Value
- ¥4,144M
- Status
- Completed in 2017.
- Date
- 2017-04-03
Adastria, the Japanese casual clothing retailer, bought Velvet LLC, a California company that runs a contemporary apparel brand. The price was ¥4,144 million.
Why it matters
The deal gives Adastria a US brand with its own customers, a step beyond its mainly domestic store business.
Sources
Kakehashi M&A News home
