Land Business acquires FEN, a European clothing distributor, to enhance its competitiveness in the apparel sector and drive growth through diversification.

Target Company Information

Land Business, identified by its stock code 8944, has strategic plans for corporate growth, particularly through the acquisition of FEN, a company engaged in the import and distribution of European brand clothing. FEN specializes in offering high-value brands such as the Italian down jacket line, Duvetica, and operates both wholesale and retail through its own stores in Japan's Minato Ward. This acquisition is part of Land Business's broader strategy to diversify into the apparel sector and enhance its competitiveness in the market.

The financial performance of FEN indicates a revenue of 900 million yen and an operating profit of 13.2 million yen, along with net assets amounting to 900 million yen for the fiscal year ending March 2025. FEN also holds two subsidiaries: Shihomi and Duvetica Japan, both of which contribute to its operational portfolio.

Industry Overview in Japan

The Japanese apparel market is known for its distinct blend of traditional craftsmanship and contemporary fashion. In recent years, this industry has faced challenges, including shifts in consumer preferences towards sustaina