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Seven and i acquiring stake in Japan ...

by Business Japan on 12/05/2013 - 10:05 pm

Japanese retail giant Seven & i Holdings is investing in the US upscale apparel brand Barneys New York. Seven & i officials said on Wednesday the firm will acquire a 49.9 percent stake in Barneys Japan. The purchase is believed to be worth about 60 million dollars.
Barneys Japan operates 10 stores in Tokyo and other Japanese cities.
News source: NHK