TOKYO, Jun 15 (Pulse News Wire) – Human Made Inc. (456A.T) resolved to enter into a basic agreement to acquire all shares of Undercover Co., Ltd.
During its board meeting held. The agreement lacks legal binding force but sets the stage for future negotiations aimed at finalizing a legally binding share transfer contract by September 2026. Undercover's UNDERCOVER brand, established over three decades ago, blends streetwear and high fashion, achieving global recognition. Human Made sees potential synergies with Undercover’s creative approach and cultural foundation, aligning well with their mission to cultivate culture through brands. Both companies have collaborated since 2025, fostering a strong relationship. Key figures involved include NIGO®, a major shareholder and creative director at Human Made, who has maintained a close friendship with Takahashi Jun, founder of Undercover, since the early 1990s.
Their joint venture, NOWHERE, played a pivotal role in shaping the underground fashion scene in Harajuku, influencing contemporary luxury brands globally. Under the agreement, Human Made plans to leverage its operational capabilities to transform Undercover’s business model, aiming to enhance the brand’s value and overall group performance. Specific details such as the number of shares and acquisition price remain undetermined but will be based on independent valuation assessments. Scheduled milestones include signing the definitive agreement in September 2026 and completing the transaction by February 2027. Upon successful execution, Undercover is expected to join Human Made as a consolidated subsidiary from January 2028. While the immediate impact on fiscal 2027 results is anticipated to be minor, the long-term benefits are seen as significant for boosting group performance.
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