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Date of Investment: June 2006 |
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| StylingLife Holdings Inc., a holding company, was newly established through an independent management attempt by the management-employees of Sony’s six retail businesses. This was the first MEBO (Management Employee Buyout) case for Sony Group. The six subsidiaries under the umbrella are operating a variety of retail businesses such as imported goods shops, catalog direct-mail sales, manufacturing and sales of cosmetics products, and restaurant business. Each company offers unique products and services, and has an established and unique brand image and a strong customer base. |
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Support the management and employees who drive the dynamic and speedy business operations leading the independent business group (the StylingLife Group) for the further development of each retail business and the creation of new businesses. |
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CCPJ and Nikko Cordial Group will provide resources (network, human resources, and capital, etc.) and support strategic business alliances in order to further accelerate business expansion and earnings growth for the Group and thereby increase its corporate value. |
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| CCPJ acquired a 51% stake in StylingLife Holdings Inc. through a Special Purpose Company. |
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In order to reinforce market competitiveness further while maintaining the individuality of each company under the umbrella, we will not only adopt a joint strategy that will generate synergy among the companies, but also proactively seek to form alliances with strategic partners. |
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In July 2008, all shares were transferred to our strategic partner Tokyo Broadcasting System, Inc. (TBS), and strong synergistic effects can be expected for both sides. |
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【Message from President Hata of StylingLife Holdings Inc.】
The sale of all shares in StylingLife Holdings Inc. (SLH) that had been held by Asia Retail Holdings Ltd. (ARH) - a special purpose company of Citigroup Capital Partners Japan Ltd.(CCPJ) - was realized after talks between CCPJ and our company, SLH. In the course of this process, we have been grateful for the deep understanding in regard to future growth of the SLH group shown by CCPJ, its consideration for us, and the sincere manner of its responses, which have reflected our desires as well.
For the past two years, since SLH became independent from the Sony group in June 2006 and CCPJ invested in the company as its largest shareholder, we have been very grateful for the advice and assistance we have received from the people of CCPJ, especially on matters of corporate governance, and in suggestions from diverse managerial perspectives that contributed to improving the corporate value of the group. Taking this opportunity, we would like to express our gratitude to CCPJ and all parties concerned.
July 31, 2008
Toru Hata
President & Representative Director
StylingLife Holdings Inc.
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:A new window will be opened.) |
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| *Post in investment date order |
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