Acquisitions · Apparel (custom shirts)
World Co. to take control of San Francisco custom-shirt maker Original
- Buyer
- World Co. (Kobe)
- Target
- Original Inc. (stake raised from 6.8% to 60%), San Francisco, California
- Value
- About ¥2.23B
- Status
- Announced on March 25, 2019; completion was planned for April 1, 2019.
- Date
- 2019-03-25
World Co. said it would raise its stake in Original Inc., a San Francisco maker of custom shirts, from 6.8% to 60% for about ¥2.23 billion. Original measures customers' bodies with a smartphone to make made-to-measure shirts. The value comes from World's Japanese disclosure.
Why it matters
The deal gave World, a Japanese apparel group, control of a US company that uses smartphone measurement for made-to-measure clothing.
Sources
Kakehashi M&A News home
