Fast Retailing To Acquire 80.1% Stake In J Brand
Fast Retailing Co (OTC: FRCOY) announced its plans to buy an 80.1% stake in J Brand Holdings LLC for about $300 million.
In 2011, J Brand's revenue surged 38% to around $124 million.
Fast Retailing shares closed at $22.51 yesterday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.