Takisada Osaka Co., Ltd. (headquarters: Chuo-ku, Osaka) entered into a share transfer agreement with J-STAR Number One Investment Limited in order to acquire all shares of company OLIVE des OLIVE (headquarters: Shimogyō-ku, Kyoto)

From Feb. 1, 2013, OLIVE des OLIVE will become a part of the group Takisada Osaka Co., Ltd. Two members of staff from Takisada Osaka Co., Ltd. will be on the executive board of OLIVE des OLIVE but otherwise there is no change in personnel.

Under the vision, “Live the Kawaii (Cute)” OLIVE des OLIVE targets young women in Japan, Shanghai and Taiwan. Takisada Osaka Co., Ltd. was founded in 1864 as a fiber specialized firm and manages C.O.T.O. (Collection of Takisada Osaka) to market Japan manufactured cloths to overseas markets. Takisada-Osaka Trading (Shanghai) Co.,Ltd., which is the subsidiary in China, targets 10 bil yen in sales revenues by 2015 and places importance on the Chinese market.

OLIVE des OLIVE is run by a mid-sized Kyoto apparel company mokumoku, which went bankrupt in Feb. 2009 and later became a SPA (specialty store retailer of private label apparel) original brand. Up until now, an investment company J-STAR was its parent company.