WACOAL HOLDINGS CORP. [3591.T]
TOKYO, Mar 30 (Pulse News Wire) – Wacoal Holdings Corp. (3591.T) announced today that its board of directors approved the acquisition of all outstanding shares of Glamorise Foundations, Inc., a US-based women's intimate apparel brand focused on larger sizes, through its subsidiary Wacoal Direct Corp.
The deal, valued at approximately $120 million, includes an earnout provision ranging from ¥0 to -1.500 billion based on performance metrics over three fiscal years starting from March 2027. Glamorise Foundations, founded in 1955, operates primarily online and specializes in developing products tailored to larger sizes. The acquisition aims to enhance Wacoal’s portfolio by integrating Glamorise’s expertise in digital marketing and direct-to-consumer sales channels. Wacoal plans to leverage Glamorise’s strengths to bolster its competitive position in the growing large-size market segment. Under the agreement, Wacoal Direct Corp.
Will acquire all of Glamorise’s issued shares, expected to close on April 1, 2026. The transaction will be funded partly from Wacoal’s existing cash reserves. The earnout mechanism is designed to mitigate risks associated with the acquisition by tying additional payments to future performance milestones. Wacoal expects the impact on its consolidated earnings for the fiscal year ending March 2026 to be minor. A detailed analysis of the potential effects on the fiscal year ending March 2027 will be disclosed in May 2026 along with the interim report.
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