- Japanese beauty products retailer Yoshitsu Co Ltd TKLF has entered into a definitive agreement with All Seas Global Limited to acquire 100% equity interests in Tokyo Lifestyle Limited for $2.8 million.
- Tokyo Lifestyle is engaged in importing and retailing Japanese beauty and cosmetic products in Hong Kong and live e-commerce business through its subsidiary, Shenzhen Qingzhiliangpin Network Technology Co.
- Yoshitsu expects the acquisition to expand its business in Southeast Asia and boost the digital transformation of live streaming e-commerce in its retail business.
- Yoshitsu held $6.97 million in cash and equivalents as of September 30, 2021.
- Price Action: TKLF shares are trading higher by 49% at $2.30 on the last check Friday.
TKLFTokyo Lifestyle Co Ltd
$3.11-0.32%
Edge Rankings
Momentum
56.47
Growth
-
Quality
-
Value
98.79
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
