Yoshitsu Company Ltd (TKLF)

[willlbone]

I Yo-Shit-Su not.

[subslover]

Thanks for thinking of me. I will take a serious look on Monday.
Hope your having a sweet weekend

[TheFinalCD]

1.68 THIS ONE LOOKS LIKE IT COULD BE A FUTURE SQUEEZER


https://finviz.com/quote.ashx?t=TKLF

[INFINITI]

Break that $3 cmon

[INFINITI]

Wow this was @ $43

[INFINITI]

Nice

[subslover]

Yoshitsu Co., Ltd Enters into Definitive Agreement to Acquire Tokyo Lifestyle Limited
July 22 2022 - 08:00AM
GlobeNewswire Inc.
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Yoshitsu Co., Ltd (“Yoshitsu” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as other products in Japan, today announced that on July 20, 2022, the Company entered into a definitive agreement (the "Agreement") with All Seas Global Limited to acquire 100% equity interests in Tokyo Lifestyle Limited (“TL”), a company principally engaged in the import and retail of Japanese beauty and cosmetic products in Hong Kong and engaged in the live e-commerce business through its wholly-owned subsidiary, Shenzhen Qingzhiliangpin Network Technology Co., Ltd. (“SQNT”). This acquisition is a critical initiative of the Company's business strategy to boost the Company's business expansion in the Southeast Asia market and advance the digital transformation of live streaming e-commerce in its retail business.
Pursuant to the Agreement, Yoshitsu agrees to acquire 100% of the equity interests in TL in consideration of the sum of JPY392,000,000 in cash (approximately US$2,805,192), subject to certain terms. The transaction contemplated by the Agreement was approved by the Company's board of directors at a meeting on June 27, 2022, with the closing expected to occur by the end of July 2022.

Mr. Mei Kanayama, the Principal Executive Officer of Yoshitsu, commented, “We are extremely pleased to take another initiative in Yoshitsu's global business expansion. The capabilities of TL and SQNT and our expansion and digital transformation strategy are well matched. With the acquisition of TL, we expect to improve our operational efficiency and establish a solid foundation in Hong Kong to develop the Southeast Asian market further and strengthen our brand awareness in the region. SQNT is dedicated to cultivating key opinion leaders (“KOLs”), who are frequently approached by brands in the hopes that these KOLs will actively promote their products via online channels. The foregoing strategy is expected to improve our customers’ shopping experience and meet new market demands. We expect the acquisition of TL to strengthen our position in the marketplace and deliver higher value to our shareholders.”

About Yoshitsu Co., Ltd
Headquartered in Tokyo, Japan, Yoshitsu Co., Ltd is a retailer and wholesaler of Japanese beauty and health products, as well as other products. The Company offers various beauty products (including cosmetics, skin care, fragrance, and body care products), health products (including over-the-counter drugs, nutritional supplements, and medical supplies and devices), and other products (including home goods, food, and alcoholic beverages). The Company currently sells its products through directly-operated physical stores, through online stores, and to franchise stores and wholesale customers. For more information, please visit the Company’s website at https://www.ystbek.co.jp/irystbek/.

Forward-Looking Statements
All statements other than statements of historical fact in this press release are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other sim

[INFINITI]

On July 20, 2022, Yoshitsu Co., Ltd, a stock company incorporated pursuant to the laws of Japan (the “Company”), entered into a sale and purchase agreement (the “Agreement”) with All Seas Global Limited, a company incorporated in the British Virgin Islands (the “Seller”). Mr. Mei Kanayama, the representative director of the Company, holds 100% of the equity interests in the Seller. The board of directors of the Company approved the Agreement and the underlying transactions during a special board meeting held on June 27, 2022.

Pursuant to the Agreement, the Seller agreed to sell, and the Company agreed to purchase, 100% of the ownership interests in Tokyo Lifestyle Limited, a company incorporated in Hong Kong for a consideration of JPY392,000,000 (approximately $2,805,192). The Agreement contains customary representations and warranties of the Company and the Seller, customary conditions to closing, other obligations and rights of the parties, and termination provisions.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed herewith as Exhibit 10.1.

On July 22, 2022, the Company issued a press release to announce the entry into the Agreement. The press release is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K.

EXHIBIT INDEX

Exhibit No. Description
10.1 Sale and Purchase Agreement between the Seller and the Company dated July 20, 2022
99.1 Press Release dated July 22, 2022

1

[INFINITI]

Running $$$$

[mcjodie]

https://seekingalpha.com/news/3853393-japanese-cosmetics-retailer-yoshitsu-stock-rallies-35-percent

[mcjodie]

Gonna break $2.00. She’s running!

[magnum1]

This is happening. It was over $30 just a little over a month ago. Blew past that 11,703 wall!! Financials and meetings with the company on 3/29! Wow!

[spindog]

Looking to pick up 10k shares anytime now …. Maybe tomorrow

[spindog]

Would love to see this on back above 10.00

[makinezmoney]

$TKLF: Oversold Ticker here................ Investor Presentation



Adding 10k shares here at 3.40



https://sec.report/Document/0001213900-21-066309/



GO $TKLF

[Jess070283]

Next up $5+!

[BostonSportsNut]

Monday ought to be fun, short squeeze?

[Jess070283]

Way overextended. Time to fill the gap to $43!$$$ Load it and be patient!

[DeafTrader2]

Woa ! 30 % uptick just now.


TKLF

[flicker3]

Something not right here? Boiler room IPO at work. I usually trust Japanese companies but will need statement from CEO to establish trust.

[DeafTrader2]

$TKLF NO NO HARD PASS ...


TO DA SEA OF RED IN HADES

[Oger]

Oh my goodness.
It’s going to be nice.

[gr8investment]

Squeeeeeeeze

[Oger]

Going to be crazy tomorrow

[Oger]

This goes over $10 tomorrow