Laox Holdings CO.,LTD. (TSE:8202) agreed to acquire Barneys Japan Co., Ltd. from Seven & i Holdings Co., Ltd. (TSE:3382) on April 6, 2023. Post transaction Laox Holdings holds 255,601 shares in Barneys. For fiscal year ending February, 2023, Barneys has net worth of - ¥2.022 billion, Total assets of ¥8.154 billion, Sales of ¥12.711 billion, Operating loss of ¥515 million and net loss of ¥775 million.

The transaction is expected to close on May 1, 2023. Nobuya Matsunami and Hiroko Jimbo of Nishimura & Asahi acted as legal advisor to Seven & i Holdings Co., Ltd. (TSE:3382).