Department store operator J Front Retailing plans to double its stake in shopping mall chain Parco, aiming to acquire up to 65% via a tender offer. The move follows J Front Retailing’s acquisition of 33.24% of Parco’s shares earlier this year.

J Front Retailing is also aims to establish a new type of department store model with Parco, targeting shoppers in their 20s and 30s.

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