WACOAL HOLDINGS (JP:3591) has released an update.
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Wacoal Holdings Corp. has announced the acquisition of Bravissimo Group Limited, aiming to strengthen its position in the U.K.’s large-size lingerie market and enhance its direct retail presence. The acquisition aligns with Wacoal’s growth strategy and is expected to boost operational efficiency and international market reach for the Bravissimo brand. Wacoal Europe Limited, a subsidiary of Wacoal Holdings, will acquire the shares in cash, with funds sourced from reserves and bank borrowings.
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