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Zozo’s founder acquires control stakes in two Japanese fashion brands

New York – Yusaku Maezawa, the founder of Japan’s online fashion store Zozo Inc (3092.T), has acquired control stakes in two fellow Japanese apparel companies, United Arrows and Adastria. . A regulatory filings showed on Thursday shows that Maezawa bought an 8 percent stake in multi-brand retailer United Arrows (7606.T) for 3.5 billion yen...

Aug 14, 2020

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LA casualwear label Velvet acquired by Adastria

Velvet, a California-based contemporary apparel company best known for the brand Velvet by Graham and Spencer is to be acquired by Japanese multi-brand apparel company Adastria. The Japanese group, which operates 21 brands across Japan and Asia, is targeting the North American market with its second investment in the country. In April 2016,...

Apr 4, 2017

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