Ryohin Keikaku Subsidiary MUJI EUROPE HOLDINGS LTD. to Acquire Stock of OPPRO INVESTMENTS S.L. and Bracchium Retail Portugal, Limitada Both Firms to Become Subsidiaries of MUJI EUROPE HOLDINGS
Ryohin Keikaku Co., Ltd. (Tokyo, Japan; Satoru Matsuzaki, president and representative director) has announced that subsidiary MUJI EUROPE HOLDINGS LTD. (London, England Yukinori Katagi, managing director) signed a letter of intent on August 8 to acquire stock in OPPRO INVESTMENTS S.L. (Girona, Spain; Joaquin De Toca Andreu, managing director) and Bracchium Retail Portugal, Limitada (Lisbon, Portugal; Joaquin De Toca Andreu, managing director). Both firms are MUJI brand licensees, and the stock acquisition will make both firms subsidiaries of MUJI EUROPE HOLDINGS (sub-subsidiaries of Ryohin Keikaku).
1. Reasons for the Stock Acquisition
Beginning 2006 and 2010, OPPRO INVESTMENTS and Bracchium Retail entered into agreements to receive wholesale products and licenses from MUJI EUROPE HOLDINGS in Spain and Portugal, respectively. Although both entities are currently operating MUJI stores, the Ryohin Keikaku Group believes that this stock acquisition will lead to greater operating efficiency and improved brand strength as part of the Group's future management plans for Europe.
2. Overview of Company Acquiring Stock (MUJI EUROPE HOLDINGS LTD) (as of August 10, 2015)
| Name | MUJI EUROPE HOLDINGS LTD. |
|---|---|
| Head Office | 8‐12 Leeke Street WC1X 9HT London UK |
| Established | January 22, 2007 |
| Name and Title of Representative | Yukinori Katagi, Managing Director |
| Principal Business | Management of the MUJI business in Europe |
| Paid-in Capital | ￡18,276,000 |
3. Overview of the Subsidiary (OPPRO INVESTMENTS) Transferring Stock (as of August 10, 2015)
| Name | OPPRO INVESTMENTS S.L. | ||
|---|---|---|---|
| Head Office | Calle Antoni Barnes I Gultresa,8 17005, Girona SPAIN | ||
| Established | 2005 | ||
| Name and Title of Representative | Joaquin De Toca Andreu, Managing Director | ||
| Principal Business | MUJI store operations in Spain (six stores) | ||
| Paid-in Capital | €1,000,000 | ||
| Consolidated Financial Results and Consolidated Financial Position of the Company for the Past Three Years | |||
| Fiscal Year | 2012 | 2013 | 2014 |
| Net Sales （1,000€） | 7,030 | 7,169 | 6,677 |
| Number of stores | 5 | 5 | 6 |
4. Overview of the Subsidiary (Bracchium Retail) Transferring Stock (as of August 10, 2015)
| Name | Bracchium Retail Portugal, Limitada | ||
|---|---|---|---|
| Head Office | Rua do Camo, 63 E 75, in Lisbon Portugal | ||
| Established | 2010 | ||
| Name and Title of Representative | Joaquin De Toca Andreu, Managing Director | ||
| Principal Business | MUJI store operations in Portugal (one store) | ||
| Paid-in Capital | €100,000 | ||
| Consolidated Financial Results and Consolidated Financial Position of the Company for the Past Three Years | |||
| Fiscal Year | 2012 | 2013 | 2014 |
| Net Sales (1,000€) | 1,158 | 1,193 | 1,209 |
| Number of stores | 1 | 1 | 1 |
5. Number of Shares to be Transferred
MUJI EUROPE HOLDINGS will acquire 100% of the stock of OPPRO INVESTMENTS and Bracchium Retail.
6. Future Outlook
This stock acquisition is not expected to have a material impact on the consolidated earnings of Ryohin Keikaku Co., Ltd.
PR Department, PR & IR & ESG Division
RYOHIN KEIKAKU CO., LTD.
Tokyo, JAPAN
