• Kyodo

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Major retailer Seven & I Holdings Co. said Wednesday it will acquire a 49.9 percent stake in Barneys Japan Co., which imports and sells Barneys New York brand clothing, in January to enhance its product lineup.

While the firm has not disclosed the acquisition value, it is estimated at several billion yen, sources said. The stake will be bought from a private equity fund run by Tokio Marine Capital Co.

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