TOKYO -- On a trip to the U.S. West Coast in early February, the head of Wacoal Holdings, Japan's largest lingerie seller, received a puzzling question from an investor.
Relaxed lingerie a hit with millennials, but did the Japanese company overpay for Lively?

Lively opened its first physical store in New York City's SoHo neighborhood in 2018. (Photo from Lively's website)
TOKYO -- On a trip to the U.S. West Coast in early February, the head of Wacoal Holdings, Japan's largest lingerie seller, received a puzzling question from an investor.