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Business deals

Zozo founder Maezawa takes big stake in Japan apparel makers

Entrepreneur bought 8% of United Arrows and 6% of Adastria

Yusaku Maezawa established Zozo's predecessor company in 1998 and stepped down as president in 2019.

TOKYO -- Yusaku Maezawa, former president and founder of online fashion retailer Zozo, has become a major shareholder in two of Japan's two leading apparel makers, United Arrows and Adastria.

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