American investment fund L Catterton, backed by Louis Vuitton, will acquire Sekikagu, a major furniture wholesaler based in Okawa, Fukuoka Prefecture. The deal, estimated at several billion yen, is set to close by the end of September. Founded in 1968, Sekikagu supplies furniture to about 4,700 stores nationwide and also develops its own brands. L Catterton plans to strengthen corporate sales through the acquisition. Source: Sekikagu
Photo from Sekikagu official website
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