Laox units to takeover businesses for totally 770 mln yen

Industry: Other 2016-08-22

Laox Co Ltd :

* Says its unit MODE ET JACOMO to takeover business of planning and wholesale of women’s shoes from SHIN-EI Corporation, for 380 million yen

* Says its another Tokyo-based unit to takeover business of manufacturing and sales of footwear from SHIKO GROUP, for 390 million yen

* Says transactions will effective on Aug. 31

Source text in Japanese: goo.gl/FwEOgR

Further company Coverage: (Beijing Headline News).

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Source: Reuters.com

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