The top three operators by market capitalisation, Isetan Mitsukoshi Holdings Ltd., Takashimaya Co. and J. Front Retailing Co., which operates the Daimaru and Matsuzakaya chains, rose by 55 percent on average in the past year, outperforming the broader Topix’s 18 percent.
News of the shareholding triggered questions around his intentions for the investment in the group which maintains a strong defense against unwanted suitors.
CEO Francesco Milleri said the maker of Ray-Ban and Oakley sunglasses isn’t planning a capital increase dedicated to Meta and the US firm would buy shares on the market if it wants to become a shareholder.
Shein will open its pop-up store from August 2 to 11 as an “exhibition space” for customers to try on trendy fashion and lifestyle products and order them online at a discount.