JAPAN: Marubeni Buys Stake In Clothing Chain Fabricant
Fashion group Marubeni Corp on Wednesday acquired a 33.4 per cent stake in "Lacoste" brand clothing chain Fabricant Co from Seibu Department Stores for an undisclosed sum. The remaining 16.6 per cent stake was bought by France's Devanlay SA which already had a 50 per cent holding.