Fast Retailing Takes $290M Controlling Stake in J Brand

Law360, New York (November 30, 2012, 1:36 PM EST) -- Japan's Fast Retailing Co. Ltd. has nabbed a majority interest in J Brand Holdings LLC for $290 million from private equity firm Star Avenue Capital LLC and J Brand's CEO and founder, in an effort to expand its affordable luxury market presence, Fast Retailing announced Friday.

The deal gives retail holding company Fast Retailing an 80.1 percent stake in the Los Angeles-based fashion house, with the rest being owned by J Brand management. It plans to finance the transaction and an additional $10 million in advisory...
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