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Wacoal Is Using Its $33 Million Glamorise Acquisition to Reduce Department Store Reliance

Wacoal International Corporation (WIC), the US parent of Wacoal America, has announced the acquisition of all issued and outstanding shares of Glamorise Foundations, Inc., a New York based women's innerwear brand with 105 years of size inclusive innovation and a primarily e commerce driven business model.

Wacoal Is Using Its $33 Million Glamorise Acquisition to Reduce Department Store Reliance and Go Direct to Consumers in the U.S.
FinanceNews

Wacoal Is Using Its $33 Million Glamorise Acquisition to Reduce Department Store Reliance

Credit: Wacoal

Wacoal International Corporation (WIC), the US parent of Wacoal America, has announced the acquisition of all issued and outstanding shares of Glamorise Foundations, Inc., a New York based women’s innerwear brand with 105 years of size inclusive innovation and a primarily e commerce driven business model. The deal, valued at approximately $33 million (5.3 billion yen), will be funded entirely in cash through Wacoal Direct Corp., a subsidiary of WIC, and is expected to close imminently.

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