Envy LLC agreed to acquire 29.98% stake in Marushohotta Co.,Ltd. from RIZAP GROUP, Inc. for ¥1.5 billion.
Published on 05/26/2025 at 10:20
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Envy LLC agreed to acquire 29.98% stake in Marushohotta Co.,Ltd. (TSE:8105) from RIZAP GROUP, Inc. (SPSE:2928) for ¥1.5 billion on May 26, 2025. Offering price per share is ¥88.94. A cash consideration of ¥1.5 billion will be paid by Envy LLC. As part of consideration, ¥1.5 billion is paid towards common equity of Marushohotta Co.,Ltd.
The expected completion of the transaction is June 10, 2025.
Rizap Group Inc is engaged in the beauty and healthcare, lifestyle and platform businesses. The Company operates in three business segments. The Beauty and Healthcare segment operates RIZAP-related businesses such as the personal training gyms RIZAP and RIZAPGOLF, and sells body-adjusting underwear, beauty-related products, cosmetics, health foods, sports products and others. The Lifestyle segment is involved in the planning, development, manufacture, and sale of interiors, apparel miscellaneous goods, casual wear, and design twisted yarn, as well as custom housing and remodeling businesses. The Platform segment is the retail business of entertainment products and store operations in the reuse business, editing and issuing of free papers, publishing business, and the business that forms the basis of the group's entire value chain.