A BATHING APE
On February 1, 2011, it was announced that A Bathing Ape had been sold to Hong Kong fashion conglomerate I.T Group. I.T purchased a 90.27% stake in A Bathing Ape. In a transaction encompassing HK$21,850,000 (approx. US$2.8 million), I.T purchased a total of 668 shares. Exact details regarding the creative future and expansion of A Bathing Ape are unknown; however, A Bathing Ape founder Nigo remained on board as the Creative Director for the next two years.