Samantha Thavasa Japan Limited cancelled the acquisition of L'est Co., Ltd. from Shigeru Fujimoto, Shizue Fujimoto, and Eriko Ito.
June 04, 2014 at 05:00 am
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Samantha Thavasa Japan Limited (TSE:7829) entered into contract to acquire L'est Co., Ltd. from Shigeru Fujimoto, Shizue Fujimoto, and Eriko Ito on June 4, 2013. Samantha Thavasa Japan Limited will acquire 0.04 million shares. Shigeru Fujimoto will sell 47.5% stake, Shizue Fujimoto will sell 30% stake, and Eriko Ito will sell 22.5% stake. As on June 17, 2013, Samantha Thavasa Japan Limited will acquire L'est Co., Ltd. for ¥1.6 billion. During the period ended January 2013, L'est Co., Ltd. had sales of ¥6.18 billion, total assets of ¥3.81 billion and shareholders' equity of ¥2.38 billion.
Kazumasa Terada, Masaaki Fujita, Takashi Sugawara, and Toru Ohyama from Samantha Thavasa Japan Limited will join as Directors of L'est Co., Ltd. The appointment of Directors is planned to be approved during the extraordinary meeting of shareholders of L'est Co., Ltd. on June 10, 2013. The Board of Directors of Samantha Thavasa made a resolution in favor of the transaction on June 4, 2013. The transaction is expected to close on June 10, 2013. Shigeru Inoue will join as Auditor of L'est Co., Ltd. The advisory fee is ¥8 million.
Samantha Thavasa Japan Limited (TSE:7829) cancelled the acquisition of L'est Co., Ltd. from Shigeru Fujimoto, Shizue Fujimoto, and Eriko Ito on June 4, 2014.
Samantha Thavasa Japan Limited is a Japan-based company engaged in the planning, manufacture and sale of bags, jewelry and apparels. The Company has four business segments. The Bag segment focuses on the brand Samantha Thavasa, engaged in the planning, manufacture and sale of bags. The Jewelry segment plans, manufactures and sells jewelries under the brands Samantha Tiara, and SAMANTHA SILVA by Samantha Tiara. The Apparel segment consists of brands, including WILLSELECTION, Swingle, Secret Honey, REDYAZEL and And Couture. The Others segment is also engaged in the sales business through the operation of outlet stores SAMANTHA THAVASA NEXT STAGE, as well as brands, such as Samantha Thavasa sweets, Samantha Thavasa Anniversary, No.7 Samantha Thavasa and U25 Samantha Thavasa, among others.
SAMANTHA THAVASA JAPAN LIMITED 
