As-me ESTELLE CO., LTD. (JASDAQ:7872) entered into contract to acquire Blooming Co., Ltd. from B Ming Co., Ltd. for approximately ¥390 million on April 15, 2013. As-me ESTELLE will acquire 200 shares of Blooming. In related transactions, As-me ESTELLE CO., LTD. entered into contract to acquire Bloom 21, Inc. from B 21 Co., Ltd. and Bloom Outlet Co., Ltd. from B Outlet Co., Ltd. on April 15, 2013. For he year ended February, 2013, Blooming Co reported revenues of ¥688 million. The transaction will be financed with funds on hand. The transaction is subject to bankruptcy court approval. The transaction is expected to close on May 8, 2013. In relation to this share acquisition, advisory fees and other compensation expenses are ¥14 million (excluding taxes).


As-me ESTELLE CO., LTD. (JASDAQ:7872) completed the acquisition of Blooming Co., Ltd. from B Ming Co., Ltd. on May 8, 2013.