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Aucnet, Inc. ( (JP:3964) ) just unveiled an update.
Aucnet, Inc. has announced an absorption-type merger between its wholly-owned subsidiaries, Defactostandard, Ltd. and GALLERY RARE Ltd., effective July 1, 2025. This merger aims to streamline operations, reduce costs, and enhance synergies within the company’s Fashion Resale Business. Additionally, the surviving entity will undergo a trade name change to CircLuxe Inc., reflecting a commitment to a circular economy and luxury branding. The reorganization is expected to have minimal impact on Aucnet’s consolidated financial results.
More about Aucnet, Inc.
Aucnet, Inc. operates in the fashion resale industry, primarily focusing on the purchase and sales of luxury brand items and apparel. The company is listed on the Prime Market of the Tokyo Stock Exchange and aims to enhance its market position by leveraging synergies within its subsidiaries.
Average Trading Volume: 39,298
Technical Sentiment Signal: Buy
Current Market Cap: Yen79.36B
Find detailed analytics on 3964 stock on TipRanks’ Stock Analysis page.