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Japanese attire agency Mash Holdings, operator of loungewear model Gelato Pique, stated Wednesday that it is going to be acquired by U.S. funding fund Bain Capital Non-public Fairness for about ¥200 billion ($1.43 billion).
The acquisition, to be accomplished by the top of December, is predicted to broaden Mash’s attain globally, particularly in China, with a plan to take the corporate public in three to 5 years. The agency’s Gelato Pique model has turn out to be widespread amongst younger individuals in Japan.
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