![]() The purchase price will be paid by cash on hand, and an initial payment of ¥69,013,698 ($627,112.20) was made on August 31, 2021. The second stage, at which point the remaining shares of ZACC will be transferred to the Company, is scheduled to close on January 1, 2022. The first stage of the acquisition is scheduled to close on October 1, 2021, when the shareholders of ZACC will transfer 60% of the common shares of ZACC to the Company. ![]() We aim to combine mutual services such as high-end beauty services and relaxation services by leveraging the high brand power of ZACC and the Company and to support opening of new ZACC brand salons by sharing the Company's expertise in franchising, employee independence programs, etc.” commented MEDIROM Founder and CEO Kouji Eguchi. “We continue to pursue the growth of our business by acquiring assets that expand our presence throughout Japan. ![]() ZACC owns and operates three (3) luxury hair salon brands, ZACC vie, ZACC raffine, and Zacc ginza, all of which has been recognized by customers for over 30 years for their high level of techniques and hospitality. (Nasdaq CM: MRM), a Japanese-based holistic healthcare Company (the “Company” or “MEDIROM”), today announced that it has entered into a share transfer agreement (the “Agreement”) with all of the existing shareholders of ZACC Kabushiki Kaisha (“ZACC”), a Japanese hair salon operator of “ZACC” brand, pursuant to which it will acquire 100% of the shares of ZACC through a two-stage acquisition for total consideration of 370,000,000 Japanese yen (which we refer to as “¥”) ($3,362,108.13). 22, 2021 (GLOBE NEWSWIRE) - MEDIROM Healthcare Technologies Inc. One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions.NEW YORK, Sept. Should You Invest in MEDIROM Healthcare Technologies Shares? ![]() So far premarket on Thursday, MEDIROM's shares have climbed to $11.47, up 55.23% from Wednesday's close. “We aim to combine mutual services such as high-end beauty services and relaxation services by leveraging the high brand power of ZACC and the Company and to support opening of new ZACC brand salons by sharing the company's expertise in franchising, employee independence programs, etc.” MEDIROM Founder and CEO Kouji Eguchi commented: “We continue to pursue the growth of our business by acquiring assets that expand our presence throughout Japan. Payments of approximately $1.4 million and $1.3 million will be made on October 1, 2021, and January 1, 2022, respectively. The purchase price will be paid by cash on hand, with an initial payment of $627,112.20 made on August 31. The second stage, when the remaining shares of ZACC will be transferred to the company, is scheduled to close on January 1, 2022. The first stage of the acquisition is scheduled to close on October 1, when shareholders of ZACC will transfer 60% of the shares to the company. MEDIROM will acquire the company through a two-stage acquisition for total consideration of $3.4million. It owns and operates three luxury hair salon brands, ZACC vie, ZACC raffine, and Zacc ginza. ZACC is a Japanese hair salon operator of the “ZACC” brand.
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