CROOZ, Inc. (headquarters: Minato-ku, Tokyo; CEO: Koji Obuchi) hereby announces that the Board of Directors, at a meeting held on October 13, 2016, formulated a policy for 'revising the business portfolio to persist as a long-lasting company, making SHOPLIST the brand that represents fast fashion e-commerce,' and made three decisions based on this policy. The second decision is concentrating management resources in SHOPLIST.com and actively pursuing activities for business expansion such as M&A. As part of this initiative, the Company will acquire all shares of Candle inc. (headquarters: Shibuya-ku, Tokyo; CEO: Yasuyuki Kin; hereinafter 'Candle') for 1.25 billion yen and make it a subsidiary. Candle operates fashion curation media such as MARBLE, which boasts over 15 million monthly unique visitors.

Click here
for more information.

CROOZ Inc. published this content on 13 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 November 2016 09:02:06 UTC.

Original documenthttp://crooz.co.jp/en/21072.html

Public permalinkhttp://www.publicnow.com/view/877A664FA5DA941D4C86F772E7C46554FFE3EBAE