[Penn Olson] Japan’s Apparel Giant World Acquires Fashion Walker For $14 Million

One more exit in Japan – We learned that Tokyo’s fashion e-commerce giant Fashion Walker has been acquired by Kobe-based apparel manufacturer World Co.,Ltd. for about 1.1 billion yen — approximately US$14.3 million. With this acquisition, World Co. expects to intensify its development efforts in the fashion e-commerce industry. 

Fashion Walker was launched in 2005 as a fashion e-commerce platform jointly by Yahoo Japan and Tokyo-based apparel retailer, Branding (formerly known as Zavel). Branding was founded by Fumitaro Ohama who used to be a script writer for TV program productions. ...

Penn Olson 10/3/2011