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BRIEF-Village Vanguard says business alliance with As-me Estelle
June 22, 2017 / 8:23 AM / 3 months ago

BRIEF-Village Vanguard says business alliance with As-me Estelle

June 22 (Reuters) - Village Vanguard Co Ltd

* Says it signed a business alliance agreement with As-me Estelle Co Ltd on June 22

* Says it will transfer food business of the co to Tokyo-based unit of As-me Estelle Co Ltd, which is engaged in sales of food and operation of restaurant, effective Aug. 1

* Says it will receive 650 million yen from Tokyo-based unit of As-me Estelle Co Ltd and acquire 10 percent stake in the unit for 1 million yen on Aug. 1

Source text in Japanese:goo.gl/K4r9BE;goo.gl/twq1Ks

Further company coverage: (Beijing Headline News)

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