<article>Investment fund <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/japan-pe-firm-j-star-names-new-partners-kashiyama-ando-47352/" target="_blank">Japan Industrial Partners</a> is acquiring children&#8217;s clothing retailer <a style="color: #000080;" href="http://narumiya international co. ltd" target="_blank">Narumiya International Co</a> for an undisclosed amount.</article>

Investment fund <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/japan-pe-firm-j-star-names-new-partners-kashiyama-ando-47352/" target="_blank">Japan Industrial Partners</a> is acquiring children&#8217;s clothing retailer <a style="color: #000080;" href="http://narumiya international co. ltd" target="_blank">Narumiya International Co</a> for an undisclosed amount.
The seller is venture capital firm SBI Holdings, which had taken majority stake in 2007.
Narumiya plans to reach ¥30 billion ($292 million) in sales by 2020. That would be an increase of about 45 per cent over sales last financial year, according to the Nikkei Asian Review.
Narumiya, which sells popular brands such as Kate Spade New York and Petit Main, confirmed the development. SBI had done so in its quarterly earnings presentation last week.
JIP believes that the company can grow further with a stronger push into online retail and more store openings.
Most of Narumiya&#8217;s customers are aged between 9 to 14, the so-called tweenage years. With the economy in deflation for much of the last decade, and dwindling population, parents splurged on their kids while cutting back on eating out and big-ticket items.
The market for tweens was largely untapped until Narumiya moved in around 2002. Apart from parents, grandparents and unmarried aunts and uncles also spend on young relatives, according to a study by Soken Research Institute. High demand for hip clothing has allowed Narumiya to sell at a premium.
But the company faced tough times in 2010, when sales fell to half of 2009, to ¥13 billion. But the company managed to recover by opening more shopping outlets, and last year had sales of ¥20.7 billion, still less than its peak.
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Investment fund Japan Industrial Partners is acquiring children's clothing retailer Narumiya International Co for an undisclosed amount. 

Japan Industrial Partners is acquiring Narumiya International from SBI Holdings

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Japan Industrial Partners is acquiring Narumiya International from SBI Holdings

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