Yusaku Maezawa, the Japanese billionaire who sold his online apparel company to Masayoshi Son and is preparing to ride around the moon on Elon Musk¡¯s spacecraft, jumped back into the country¡¯s business scene Thursday with a set of unlikely bets on brick-and-mortar clothing retailers.
In a set of filings, Maezawa disclosed stakes making him the third-largest shareholder in fashion retailers United Arrows Ltd. and Adastria Co. The holdings are worth a combined ?7.6 billion ($71 million).
While the stock purchases were for investment purposes, Maezawa may also ¡°give advice or make proposals to management to improve enterprise value if needed, assuming a friendly relationship can be created with management,¡± the filings said.
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