Consolidation of the retail business into ナガホリリテール株式会社 through a company split
First written in FY2018-Q3. 2 of 4 entries say "Achieved", first in FY2018. Latest entry: FY2019.
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- FY2019AchievedAnnual report
「A non-cash absorption-type company split, with the Company as the splitting company and its wholly owned subsidiary ナガホリリテール株式会社 as the successor company, conducted under the simplified absorption-type company split procedure」
The company split involving part of the Nicolopolo and WISP retail businesses was completed on 1 April 2018, and the WISP business in department stores was transferred to ナガホリリテール株式会社 on 1 October 2018 and 19 January 2019. - FY2019-Q2AdvancedAnnual report
「At a meeting of the board of directors held on 27 September 2018, the Company resolved to transfer its WISP business, operated at 10 stores in department stores and other locations, to its consolidated subsidiary ナガホリリテール株式会社, and entered into a business transfer agreement on the same date. The transfer date was 1 October 2018.」
An agreement was signed to transfer the business of 10 WISP stores operated in department stores and other locations to ナガホリリテール株式会社, with the transfer scheduled for 1 October 2018. Certain inventories were scheduled to be transferred on 1 February 2019. - FY2018AchievedAnnual report
「The company split under the agreement was completed on 1 April 2018.」
The absorption-type company split transferring part of the "Nicolopolo" and "WISP" retail businesses to ナガホリリテール株式会社 was completed on 1 April 2018. - FY2018-Q3First statedAnnual report
「At meetings of the boards of directors of the Company and its wholly owned subsidiary ナガホリリテール株式会社 held on 30 January 2018, the companies resolved to transfer part of the retail business in the Company's jewelry business to ナガホリリテール株式会社 through an absorption-type company split, and entered into an absorption-type company split agreement on the same date.」
The retail business operated under the store names "Nicolopolo" and "WISP" at 22 stores in shopping malls, fashion buildings and general merchandise stores will be consolidated into the wholly owned subsidiary ナガホリリテール株式会社 through an absorption-type company split. The business combination date is scheduled for 1 April 2018, with the aim of utilizing retail expertise and improving profitability across the Group.