Hanae Mori International Co. will sell most of its Hanae Mori-brand clothes and its licensed apparel operations to a group that will be formed by trading house Mitsui & Co. and the Rothschild group of Britain, company officials said Friday.

The company, scheduled to be set up by Mitsui and the Rothschild group along with their joint investment fund, Active Investments, will take over Hanae Mori’s directly operated shops and expand the chain in the U.S. and European markets, the officials said.

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