TBC GROUP CO., LTD. agreed to acquire Socie World Co., Ltd. from Isetan Mitsukoshi Holdings Ltd. (TSE:3099) on May 12, 2021. The TBC GROUP will issue 0.0614 million on May 12, 2021. Effective June 25, 2021, Toshiyuki Hosoya current President and Chief Executive Officer will be appointed as Director; and Directors Shigeru Nishiyama, Toshihiko Sugie, Hidehiko Igura, Toshinori Shirai and Takeo Hirata will retired. While Directors Ken Akamatsu, Toru Takeuchi, Michiko Kuboyama, Masami Iijima, Miwako Doi, Takashi Oyamada, Hidetoshi Furukawa and Fukutaka Hashimoto will be reappointed as Directors. Board of Executives has approved the transaction. The transaction is expected to close on July 1, 2021. TBC Group CO., Ltd. completed the acquisition of Socie World Co., Ltd. from Isetan Mitsukoshi Holdings Ltd. (TSE:3099) on July 1, 2021.