Succession of the Granback business through a company split
First written in FY2017-Q2. 4 of 8 entries say "Advanced", first in FY2017-Q3. Latest entry: FY2019-Q3.
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- FY2019-Q3RestatedAnnual report
「In addition, we opened 1 shopping-center store for Granback, a big-and-tall menswear business formerly operated in standalone stores,」
The company has reaffirmed the opening of shopping-center stores for the Granback business following the transfer. - FY2019-Q2RestatedAnnual report
「We opened 1 shopping-center store for Granback, a big-and-tall menswear business formerly operated in standalone stores.」
The company has reaffirmed the Granback business's expansion through shopping-center-format stores following the transfer. - FY2019-Q1AdvancedAnnual report
「In terms of stores, as part of its new growth strategy, the Company opened 1 Granback store in a shopping center. Granback, a big-size menswear format, had previously operated only as standalone stores. It also opened 2 Taka-Q stores, for a total of 3, while closing 1 M.F. EDITORIAL store. As a result, the store count at the end of the first quarter was 313, up 3 year on year.」
Following the transfer, the Granback business moved from its former standalone-store format to shopping-center-format stores and advanced its operations and expansion. - FY2018AdvancedAnnual report
「The Granback business, a big-and-tall menswear business acquired in February 2017, has been performing steadily following the introduction of private-label products and the development of a customer management system.」
Following completion of the transfer and the start of full-scale operations, the Granback business introduced private-label products and developed a customer management system, and reported steady performance. - FY2018-Q1AdvancedAnnual report
「In addition, the full-scale launch of the Granback business, a big-and-tall menswear business acquired through an absorption-type company split in February this year, also took place,」
Following completion of the transfer of the Granback business in February 2017, the business moved into full-scale operation. - FY2017AchievedAnnual report
「Under the absorption-type company split agreement entered into on 26 October 2016, we acquired part of 株式会社ダイエイ's big-and-tall menswear specialty store business, Granback, through an absorption-type company split effective 1 February 2017.」
The planned absorption-type company split was completed on 1 February 2017, and the company acquired 14 Granback stores and related operations. - FY2017-Q3AdvancedAnnual report
「After conducting a detailed review of the rights and obligations to be transferred and the consideration for the business, and following discussions and negotiations with Daiei, we reached an agreement and entered into this company split agreement.」
The transaction progressed from execution of the basic agreement to execution of the absorption-type company split agreement. The scheduled effective date was 1 February 2017, and the company planned to acquire 14 Granback stores and the e-commerce business, paying ¥703 million as consideration. - FY2017-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 19 July 2016, we resolved to enter into a basic agreement with 株式会社ダイエー concerning the transfer of part of its Granback business, a specialty big-and-tall menswear store business, through a company split, with 1 February 2017 as the scheduled effective date, and entered into the basic agreement dated 19 July 2016.」
The company entered into a basic agreement to acquire part of 株式会社ダイエー's Granback business through an absorption-type company split, with 1 February 2017 as the scheduled effective date.