TSI Holdings Signs MOU to Acquire Toyo Enterprise, Lei Lani Trading

MT Newswires Live

04/10

TSI Holdings (TYO:3608) said it signed a memorandum of understanding to acquire Toyo Enterprise and Lei Lani Trading, according to a Friday filing on the Tokyo Stock Exchange.

The company plans to buy 88% of Toyo Enterprise and 100% of Lei Lani Trading, with acquisition prices yet to be determined.

TSI Holdings expects the deal to strengthen its brand portfolio and expand its presence in the American casual wear segment, leveraging Toyo Enterprise's heritage brands such as Tailor Toyo and Buzz Rickson's.

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