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.
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Tags: merger and acquisition