Consideration of the transfer of American Eagle's Japan business
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2021-Q1.
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- FY2021-Q1AchievedAnnual report
「イーグルリテイリング, formerly a consolidated subsidiary, was excluded from the scope of consolidation upon completion of its liquidation on 6 April 2020.」
Eagle Retailing, which operated the American Eagle Japan business, completed its liquidation on 6 April 2020 and was excluded from the scope of consolidation. - FY2020-Q3AchievedAnnual report
「The company also recognized a ¥8.487 billion business restructuring loss as an extraordinary loss in connection with the restructuring of the American Eagle business. Eagle Retailing had operated the American Eagle business in Japan as a franchisee of American Eagle Outfitters, Inc. in the United States, but after repeated discussions with AEO regarding future business policies, the franchise agreement was terminated as of 31 December 2019 and all stores, including e-commerce operations, were closed. The company was also dissolved as of 24 January 2020.」
The American Eagle Japan business terminated its franchise agreement as of 31 December 2019 and closed all stores, including e-commerce operations. The operating subsidiary was then dissolved as of 24 January 2020, and a business restructuring loss of ¥8.487 billion was recognized. - FY2020-Q2AdvancedAnnual report
「The company also recognized a ¥6.998 billion business restructuring loss as an extraordinary loss in connection with the restructuring of the American Eagle business.」
Restructuring of the American Eagle Japan business progressed, and a business restructuring loss of ¥6.998 billion was recognized for the nine months ended the second quarter. The completion of the transfer itself was not stated. - FY2020-Q1AdvancedAnnual report
「Recognized a ¥5.622 billion business restructuring loss as an extraordinary loss in connection with the restructuring of the American Eagle business.」
Restructuring of the American Eagle Japan business progressed in connection with the consideration of its transfer, and a business restructuring loss of ¥5.622 billion was recognized in the first quarter. The completion of the transfer itself was not stated. - FY2019First statedAnnual report
「On 7 June 2019, the company entered into a memorandum of understanding with American Eagle Outfitters,Inc. concerning, among other matters, consideration of transferring the business to American Eagle Outfitters,Inc., with 31 December 2019 as the deadline.」
The company entered into a memorandum of understanding to consider transferring the American Eagle Japan business, with 31 December 2019 as the deadline.