Bain Capital to buy Japanese clothing company Mash for $1.4bn

Nov 16, 2022 | News On Japan

TOKYO - Bain Capital of the U.S. will acquire Japanese apparel maker Mash Holdings for about 200 billion yen ($1.4 billion) in what will be one of the largest private equity deals in the country's fashion industry, Nikkei has learned.

Bain will use its resources to help the Tokyo-based company expand overseas and improve management, with the aim of going public, according to sources.

Founded in 1998, the company's Gelato Pique brand pajamas and other items are popular with young people. The company also has other brands, such as women's casualwear Snidel, and Cosme Kitchen, which is a line of cosmetics made from natural materials.

The high valuation in the deal reflects strong sales in Mash's casualwear during the COVID-19 pandemic, as people stayed home. As life gradually returned to normal, the company is hoping that overseas expansion, with the help of the U.S. fund, will underpin future growth. ...continue reading

Five Dead and Six Missing as Chiba Suffers Another Major Flood

Typhoon No. 25 has left five people dead and six missing after bringing record rainfall, widespread flooding and landslides to the Kanto region, with Chiba Prefecture suffering its third major flood in just over a month and approximately 42,330 households losing power.

Road to Imperial Palace's Otemon Gate Flooded by Typhoon

The road leading to Otemon Gate at Tokyo's Imperial Palace was flooded on September 22 after heavy rain from a typhoon caused water in the surrounding moat to overflow.

Japan Pushes India to Final Ball in Historic Sano Cricket Match

Japan came within two runs of producing one of international cricket's biggest upsets on September 22, pushing reigning T20 world champion India to the final ball before losing a rain-shortened match at Sano International Cricket Ground in Tochigi Prefecture.

Japan Secures More Medals as Asian Games Day 4 Intensifies

Japan's Asian Games campaign continued across a packed Day 4 schedule on September 22, with the women's badminton team securing another medal, the women's basketball team completing an unbeaten group stage, and Japan adding a historic bronze medal in mixed air rifle shooting as several of the host nation's biggest medal opportunities moved into the evening.

Japan Takes 12 Medals on Asian Games Day 3

Japan collected another 12 medals on Day 3 of the Aichi-Nagoya Asian Games on September 21, with 17-year-old swimmer Shin Ohashi and karateka Kakeru Nishiyama winning gold, while the host nation also advanced strongly in women's volleyball, baseball, soccer, handball and hockey.

MEDIA CHANNELS

MORE Business NEWS

Japan's Bento Shops Face Record Wave of Bankruptcies

Bankruptcies among Japan's bento shops are surging, with 83 businesses failing in the first eight months of 2026, putting the industry on course to surpass last year's record of 89 as rising ingredient costs and intensifying competition from supermarkets, convenience stores and drugstores squeeze smaller operators.

Tokyo Market Closed as Yen Intervention Watch Dominates Silver Week

Tokyo’s stock market was closed on September 21 for Respect for the Aged Day, leaving the Nikkei 225 without a cash close after finishing the previous session at 65,019, while currency and futures markets focused on the yen, the Bank of Japan’s latest rate hike and intervention risks during Japan’s Silver Week holiday.

Five-Day Holiday Puts Japan's Cost-of-Living Pressures in Focus

Japan's first five-day Silver Week holiday in 11 years has put renewed attention on household finances, with persistently high food prices and a weakening yen threatening to erode the benefits of the government's planned consumption tax cut on food.

Seventeen Tabs Open and Still No Decision

A list of providers with identical promises turns selection into brute-force sorting. The differences do exist; they are just hidden somewhere other than the homepage.

Japan's Return to Higher Rates Squeezes Households and Firms

The Bank of Japan raised its policy rate from 1.0% to 1.25% on September 18, taking borrowing costs to their highest level in 31 years and accelerating the pace of monetary tightening as persistent inflation and concerns over fiscal expansion put upward pressure on interest rates.

Yen Strengthens Sharply as Intervention Warning Rattles Market

The yen strengthened by more than 1 yen against the dollar in a short period late on September 18 after the Bank of Japan conducted a rate check, a step commonly taken in preparation for possible intervention in the foreign exchange market.

Nikkei Rallies as BOJ Rate Hike Weakens Yen and Lifts AI Shares

Tokyo stocks rose sharply on September 18, with the Nikkei 225 climbing to around 65,350 in afternoon trading after the Bank of Japan raised interest rates to 1.25%, as the yen weakened and investors bought artificial intelligence and semiconductor-related shares.

BOJ Raises Policy Rate to 1.25% as Yen Weakens

The Bank of Japan raised its policy interest rate from 1.0% to 1.25% on September 18, lifting borrowing costs to their highest level in 31 years as policymakers moved to contain growing inflation risks, but the yen weakened sharply after the decision as markets focused on two dissenting votes and uncertainty over the pace of further increases.

< 2 3 4 5 >