Look Incorporated (TSE:8029) signed an agreement to acquire 80% stake in Laisse Passe Co.,Ltd. from Shigeki Haryu and Chiyoko Haryu on February 14, 2014. Under the terms of the transaction, Look Incorporated will acquire 3200 shares of Laisse Passe. Shigeki Haryu holds 67.6% stake and Chiyoko Haryu holds 32.4% stake in Laisse Passe. Laisse Passe reported sales of ¥2.58 billion, total assets of ¥1.21 billion and net assets of ¥86 million for period ended August 2013. The transaction was resolved by Board of Directors of Look Incorporated on February 14, 2014. The transaction is expected to be completed on April 1, 2014.

Look Incorporated (TSE:8029) completed the acquisition of 80% stake in Laisse Passe Co.,Ltd. from Shigeki Haryu and Chiyoko Haryu in 2014.