J-Star completes clothing brand turnaround
Three and-a-half years ago, Olive des Olive, a hip teen clothing-brand based out of Tokyo, was suffering. Having filed for bankruptcy, its reputation frayed by allegations that its clothing came from a factory in China and had been re-labeled “Made in Japan,” the company was in dire need of a make-over.
Seeing an opportunity, J-Star purchased the company's Japan unit in full from the creditors of parent company Moku des Moku, at 5x EDITBA. The private equity firm then focused both on strengthening the...
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