Value store operator Aoki International Co has agreed to acquire Xebio Co's men's suit division for an unspecified sum.

A formal agreement is due to be signed on 29 July, with the transaction coming into effect as of 1 September.

The acquisition involves Aoki buying 19 of Xebio's outlets, which had sales of JPY2.96 billion for the 2004/05 financial year.

Aoki will also receive connected assets of JPY2.2bn.