Shimamura to Acquire Summit's Apparel Business

M&A · Partnership
โดย ロイター·JP·Read original
Summary · why it matters

Shimamura announced on the 7th that it will acquire the apparel business of Summit, a major supermarket chain and wholly-owned subsidiary of Sumitomo Corporation. The target is 21 stores of the apparel business "Colmopia," and Shimamura will take over the assets and rights and operate them as Shimamura stores. The transfer price has not been disclosed, and the business transfer is scheduled to take place after January 2027, with completion expected in March. The impact on consolidated results for the fiscal year ending February 2027 is expected to be minor.

Impact on stocks 2

Consumer Discretionary▲ · 1 stocks
SHIMAMURA Co., Ltd.
8227
▲ PositiveCapitalrelevance

Shimamura will acquire Summit's 21-store Colmopia apparel business and operate them as Shimamura stores.

Energy Transition & Power Demand▲ · 1 stocks
Sumitomo Corporation
8053
± MixedCapitalrelevance

Sumitomo's subsidiary Summit is transferring its Colmopia apparel business to Shimamura, a minor divestiture with undisclosed price.

Off-coverage companies 1

Summit Co., Ltd. (サミット)Private± Mixed
Capitalrelevance

Summit is divesting its Colmopia apparel business to Shimamura, with minor impact on results.

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