Mitsui & Co. acquired Paul Stuart, which is a franchise of its namesake brand luxury clothing and accessories retailers.
Mitsui Company achieved an agreement with the Paul Stuart on December 28 in 2012, to purchase all the shares to own the Paul Stuart wholly.
Paul Stuart opened the first store in downtown New York on Madison Street in 1938. The American style of traditional clothing occupies the mainstream status at that time, however, as a fashionable, exquisite fashion store for man, the brand introduced the European fashion culture to the American market as the pioneers identity.
Mitsui Corp planed to expand the permit business to 0.2 billion yen (0.231 billion dollars) in 2015. Mitsui Corp saw emerging markets as the fashion business strategic expansion of the market, and believed that with the increase in income, the fashion industry will be more maturation, and the demand for the Paul Stuart brand will increase too. So Mitsui Corp will continue to win the brand recognition to expand the business in these areas.
