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Japanese Wacoal to buy Britain's Eveden in GBP152m deal
Friday 30 March 2012

30 March 2012 – Japanese lingerie maker Wacoal Holdings Corp (TYO:3591) on Friday announced it had reached an agreement to take over British sector firm Eveden Group Ltd for GBP152m (USD242.7m/EUR182.1m), including debt.

The Japanese company will use its cash reserves and bank borrowings to pay for the transaction, which is expected to close on 10 April 2012, it said in a statement. The move is part of Wacoal's overseas business expansion strategy.

Northamptonshire-based Eveden sells women's undergarments and swimwear via a sales network of more than 5,000 retailers in over 50 countries, including the UK, other European countries, North America, Australia, Asia among other regions.
Date Published: 30/03/2012
Target: Eveden Group Ltd
Country: UK
Deal Size: 242.7m (USD)
Sector: Clothing/Textiles, Wholesale/Retail
Buyer: Wacoal Holdings Corp