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August 29, 1990 | From Times Staff and Wire Service Reports
Laura Ashley Holdings PLC will sell a 15% stake in itself to a Japanese retailing group for $58.3 million, the company said today. The British retailer said it will sell 35.2 million newly issued shares of its stock to the Aeon Group of Japan for 29.9 million pounds. The price represented a 73% premium over what its shares closed at Tuesday. The agreement is being carried out through Aeon's British subsidiary Jusco Co. Ltd. Laura Ashley will also sell 53% of its equity in its U.S.
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BUSINESS
May 19, 1988 | NANCY YOSHIHARA, Times Staff Writer
Talbots, the preppy clothier and trend setter for the suburban set, said sayonara on Wednesday to its American owner, who sold the women's clothing chain to Japan's fourth-largest supermarket operator for $325 million cash. Talbots was sold by General Mills, the food conglomerate, which also announced that it has sold its Eddie Bauer chain that specializes in outdoor wear and gear. It was sold to the Spiegel mail-order house for $260 million.
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