Jack Parent TSI Holdings Will Acquire Us HUF90% Brand Equity.

According to the world clothing shoes and hats net, November 28th, Japan

TSI Holdings Holdings, the parent of nano universe, announced plans to buy US street street HUF90% equity at a price of $US.

The acquisition is expected to be completed by December 14th.

As part of the acquisition, Jack, a subsidiary of TSI Holdings, won HUF.

Distribution rights in Japan.

Since 2015, Jack has been the distributor of the US street corner St St.

In October of this year, the news that the famous American brand Supreme Chao, which also originated from skateboarding culture, gained the value of $1 billion 100 million, and got the investment from the private investment giant Carlyle Group, which has caused the whole world.

And investment circles.

(see the report: Supreme valuation is as high as 1 billion 100 million US dollars! Carlyle Group bought the 50% stake this time. After the founder cash in US $500 million, where does the brand go?

HUF was founded by professional skateboard athlete Keith Hufnagel in San Francisco in 1992.

In the late 80s of last century, skateboarding in New York was associated with punk rock and hip-hop music. It was an anti mainstream culture that was not accepted by the public. But for Keith Hufnagel, skateboarding was a way of life. He was passionate about skateboarding.

Soon after Keith Hufnagel moved to San Francisco in 1992, he became a professional skateboard athlete.

Inspired by the "do-it-yourself" method in skateboarding, Keith Hufnagel wants to return to bring up her own community by opening a boutique. So she opened a small boutique named HUF HUF in the community, hoping to gather all the famous skateboards, street clothes and sports shoes brands.

With its rapid development and hot popularity, HUF has developed into an independent manufacturer of high-end apparel, footwear and skateboard products after nearly 10 years of establishment.

Today, HUF has been distributed in 30 countries around the world and plans to expand its distribution network in Asia in the future.

The brand has 3 stores in Japan, and its annual turnover is 400 million yen (about 3 million 600 thousand US dollars).

In the future, the brand plans to learn the successful mode of street wave brand St ssy, hoping Japanese sales will exceed 3 billion yen (about 26 million 910 thousand US dollars) in 5 years.

TSI Holdings said the acquisition is a positive growth strategy for the growing Street apparel market.

"Skateboarding has become a formal event in the Tokyo Olympic Games," said Tadashi Saito Saito, President of TSI Holdings.

Besides Japan, we also plan to help HUF expand in China.

In order to realize the expansion of HUF in China, TSI Holdings is now working with a Chinese garment enterprise to plan to establish a joint venture.

In addition, TSI Holdings also plans to double overseas sales of HUF from 5 billion 100 million yen (US $45 million 700 thousand) to 10 billion yen (about US $89 million 700 thousand) over the next 5 years.

About TSI Holdings

TSI Holdings is a Japanese clothing group, holding shares in many Japanese local and international apparel companies, such as Margaret Howell and nano universe.

Now, TSI Holdings is seeking to acquire a range of clothing brands.

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