Yodobashi to Buy Outdoor Goods Shop Operator ICI Ishii-Sports
Tokyo, April 3 (Jiji Press)--Major Japanese electronics retailer Yodobashi Holdings said Wednesday that it will acquire outdoor goods shop operator ICI Ishii-Sports as early as the end of this month.
The operator of Yodobashi Camera stores will buy all outstanding shares in the target company, including those held by investment fund Advantage Partners, which currently has ICI Ishii-Sports under its aegis.
The value of the deal was not disclosed.
Through the acquisition, Yodobashi Holdings, based in Tokyo, hopes to obtain ICI Ishii-Sports' business know-how and customer base at a time when the popularity of mountaineering and camping is growing among women and young people.
Tokyo-based ICI Ishii-Sports, established in 1964, is strong in sales of mountain climbing gear.
[Copyright The Jiji Press, Ltd.]