Brief: Village Vanguard says business alliance with As-me Estelle

Village Vanguard Co

22/06/2017 09:23

June 22 (Reuters) - Village Vanguard Co Ltd  2769.T   
     
     
    * Says it signed a business alliance agreement with As-me 
Estelle Co Ltd  7872.T  on June 22 
    * Says it will transfer food business of the co to 
Tokyo-based unit of As-me Estelle Co Ltd, which is engaged in 
sales of food and operation of restaurant, effective Aug. 1 
    * Says it will receive 650 million yen from Tokyo-based unit 
of As-me Estelle Co Ltd and acquire 10 percent stake in the unit 
for 1 million yen on Aug. 1 
     
     
    Source text in Japanese:https://goo.gl/K4r9BE;https://goo.gl/twq1Ks 
    Further company coverage: 2769.T  7872.T  
 
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