GIC, the Singapore-based institutional investor, has become Japanese lifestyle retail company SAZABY LEAGUE, Ltd‘s minority equity partner.
GIC said in a statement on Wednesday that SAZABY LEAGUE has entered into a partnership with to accelerate its business growth.
Through this partnership, SAZABY LEAGUE will accelerate its expansion into global markets and the development of new services, which will contribute to greater corporate value.
SAZABY LEAGUE said it is confident that it can chart its medium- to long-term growth strategy together with GIC as both organizations share a similar core spirit.
Both organizations also respect one another’s unique qualities that have enabled them to be leaders in their own fields.
“Founded in 1972, SAZABY LEAGUE has cherished the spirit of ‘It’s a beautiful day.’ and has delivered ‘lifestyles half a step ahead’ for over 50 years,
“As people’s lifestyles and values become increasingly diverse, a fresh perspective is essential for advancing to the next stage of growth,” said Ryota Tsunoda, President and Representative Director of SAZABY LEAGUE, Ltd.
“We believe that this partnership with GIC, which has an outstanding global track record, represents a crucial step in accelerating our challenge into new domains,
“We are delighted to be able to forge the future together with GIC,” he added.
GIC is a global institutional investor that has an extensive international network and takes a long-term approach to investing.
The firm has a proven track record of investments across the world and has been investing in Japan for over 40 years.
“We are pleased to partner with SAZABY LEAGUE, a leading Japanese retailer with a strong portfolio of premium brands across fashion, lifestyle, and food and beverage (F&B),
“We believe the company is well positioned to benefit from resilient demand in the affordable-luxury segment, driven by consumers’ growing preference for high-quality products. We look forward to supporting the company’s long-term growth while preserving its heritage,” said Choo Yong Cheen, Chief Investment Officer for Private Equity, GIC.
Tan Hwee Loo, Head of Private Equity, Asia, GIC, said SAZABY LEAGUE has built an exceptional reputation for creating and nurturing brands that resonate deeply with consumers in Japan.
“Its proven ability to incubate and scale brands with strong brand equity positions it as a trusted partner for global entrants seeking to enter and expand in Japan, as well as for domestic brands that are looking to grow,” she added.