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The target businesses include various fashion brands such as Punyus, WC, Giordano, Dammy, Ding and Denime, Bucca 44 and others, centered on the Wego brand, which own high recognition and trend creation capabilities mainly in the age group from teens to twenties
The acquisition announcement has come after Wego's plan to restructure its businesses and strengthen its reach through e-commerce. With yearly sales of more than 35 billion yen ($308.7 million), Wego has a network of over 180 stores in Japan.
Wego is looking forward to enhance the trend creation capabilities by renewing existing stores and revitalising the overseas business. As a company, we support the further growth of Wego, said the notice from J-Star. (RR)
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