Alliance
Alliance
Ｍ＆Ａ

Creating a New Synergyfor Next GrowthAcquired a 49.0% stakein StylingLife Holdings Inc.
J. Front Retailing (JFR) is aiming to establish status asa leading retail company in Japan in terms of bothquality and quantity with the department store businessas its core.
On March 30, 2011, we acquired a 48.5% (49.0%
as of April 28, 2011) stake in StylingLife Holdings Inc.
(SLH) and made it an equity method aﬃliate. SLH
operates four main businesses including generalmerchandise retailing under the PLAZA brand, whichis popular among young women, the manufacture andsales of cosmetics, direct marketing and themanufacture and sales of food, beverage andconfectionery products under the mission statement ofoﬀering a lifestyle to customers and working on andtrying something new. Some of their shops operate in
the stores of JFR Group.
We believe that our core department store business will
become more competitive through a deeper alliancewith a company that has an advantage not shared byus, which will improve our ability to edit sales ﬂoors andexpand the number of young customers, and that wewill be able to increase the growth potential of theGroup as a whole by adding a strong new business.
Shareholder composition of
StylingLife Holdings Inc.
(As of April 28, 2011)

Number ofshares held

Using synergy to enhance the appeal of sales floors
We think JFR and SLH will be able to easily produce asynergy because the two companies have a lot incommon in core business (retailing and direct
marketing), customer base (income class and lifestyle)and corporate direction (high quality oriented and highvalue added oriented).
Favorable eﬀects on JFR include: ① the appeal ofwomen s accessories of department stores increased
by introducing SLH s core business PLAZA shops;② the enhancement of Daimaru and Matsuzakaya
stores own selection of merchandise and the joint
development of new sales ﬂoors by adopting SLH sstrengths such as the buying of variety goods and ﬂoor
editing in its PLAZA business; ③ the mutual use ofcustomers and merchandise in direct marketingbusiness after putting in place the conditions
concerning personal information and so on; ④ theexpansion of business opportunities for the companies

51.0％

J. Front
RetailingCo., Ltd.

73,500 shares

49.0％

Total

150,000 shares

100.0％

infrastructure to improve SLH s corporate value.

Stepping stone for becoming amultichannel retailer
We also think this stock acquisition is an important
stepping stone for evolving from the former Group
with an excessive focus on department store
business into a multichannel retailer that owns
strong businesses.
We will continue to proactively work on allianceand M&A with businesses and companies that canbe expected to generate a synergy.

Four businesses of StylingLife Holdings Inc.
Operation of about 120 shops nationwide including PLAZA and MINIPLA

Catalogue mail-order service, advertisement and online shopping service of clothing and general merchandise

PLAZASTYLE COMPANY

LightUp Shopping Club Inc.

【Founded】February 11, 1966
【Line of business】Retailing of imported household goods, operation ofMINIPLA shops, licensing business and planning anddevelopment of original products【Number of shops】PLAZA: 73 shops / PLAZA BEAUTILICIOUS: 2 shops
MINIPLA: 10 directly operated shops and 36 aﬃliated shops
QUOMIST: 3 shops / Cuddlesome: 2 shops
Online shop: 2 sites / TED S Bakery: 3 shops【Founded】March 1971
【Line of business】Direct marketing and in-store retailing of clothing,sporting and leisure goods, electric appliances,
household goods, jewelry, books,
optical instruments and watches
Brand: LightUP/Zekoo/SHOKUSAI Club/BEYES【Number of shops】8 shops(Ginza Sony Building, Omotesando Hills,
Umeda Herbis Ent and other locations)Shareholding
percentage

Tokyo76,500 shares
Broadcasting
System Holdings, Inc.

of JFR Group such as Dimples (staﬃng service),
Consumer Product End-Use Research Institute(merchandise test) and JFR Information Center; and ⑤
the absorption of SLH s excellent corporate culture
through personnel exchanges.
At the same time, we will use our long years
experience and expertise in retailing and ourManufacture and sales of cosmetics

Management of French restaurants and cake shops

BCL COMPANY

Maxim s de Paris Ltd.

【Founded】February 1996
【Line of business】Development, manufacture and sales of cosmetics and quasi-drugs and manufacture andsales of makeup tools, hairdressing and beauty equipment and laboratory equipment【Number of shops】Cosmetics for general retail stores: about 10,000 locations
Cosmetics for department stores (VECUA): 24 locations【Founded】November 1966
【Line of business】Management of French restaurants,bakery shops, cafes, teashops andsnack shops and manufacture andsales of confectionery【Number of shops】Restaurant: 2 locations / Cafe: 3 locations /Bakery: 13 locations
Teashop and snack shop: 5 locations /Cake shop: 9 locations

CP Cosmetics Inc.
【Founded】January 2006
【Line of business】Development, manufacture and sales of cosmetics and quasi-drugs and manufacture andsales of makeup tools, hairdressing and beauty equipment and laboratory equipment【Number of shops】CP Salon: about 1,260 locations

General merchandise retailing

Direct marketing

Food

Beauty ＆ wellness