HC clothing online IT publication, the Group acquired the business operations of Japanese apparel and accessories, a total of 668 companies Nowhere shares, representing its entire issued share capital of approximately 90.27 % interest, the total consideration of 2.3 billion yen in cash within the Group will be funded.
IT means, Nowhere is principally engaged in multiple brands in multiple countries (including the URSUSBAPE
IT Board considers that the acquisition will expand the company Nowhere brand portfolio, and in the Greater China region to improve their street clothes in terms of market share; the same time as the long-tailed Chi-Ming well-known designers, as well as related brand symbol; Mr. Long Tail Nowhere has agreed to serve as creative director for an initial period of two years after the acquisition to ensure the smooth transition and integration; it will focus on product design, brand direction and image development.
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