JADE GROUP,Inc entered into stock transfer agreement to acquire 35% stake in TCB Co., Ltd.
December 19, 2023
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JADE GROUP,Inc (TSE:3558) entered into stock transfer agreement to acquire 35% stake in TCB Co., Ltd. on December 20, 2023. The payment method is scheduled to be cash. In 2022, TCB reported sales of ¥298 million.
The transaction is expected to complete on January 5, 2024.
Jade Group Inc is a Japan-based company mainly engaged in the sale, planning and purchasing of fashion related products, mainly shoes. The electronic commerce (EC) business allows general consumers to purchase products of each brand through LOCOMALL, which is operated at shopping mall sites LOCONDO.jp, Rakuten Ichiba and Yahoo! Shopping. The platform business is engaged in the provision of EC system and logistics services, e-3PL service for logistics warehouse operations, LOCOCHOC service for stores, LOCOPOS service for sales and inventory management. The brand business operates its own brand using the infrastructure of the EC business and the platform business. The main brands include MANGO, Vanity Beauty and Bell Florrie.
JADE GROUP,INC 
