Editor’s Note
This article details Komehyo Holdings’ strategic acquisition of New York-based iShopShops, Inc., a move that will bring the cross-border live commerce platform fully under its ownership through a reverse triangular merger structure.
Komehyo Holdings has announced that it will acquire all shares of iShopShops, Inc., a cross-border live commerce company headquartered in New York, USA, making it a wholly-owned subsidiary. The acquisition will be executed through a reverse triangular merger, with iShopShops as the surviving company and a special purpose company established by Komehyo Holdings for the acquisition as the dissolving company.
Founded in the United States in 2016, iShopShops operates a cross-border live commerce business targeting overseas markets through its “ShopShops” app, which features bags, jewelry, apparel, and more. A wide range of businesses, including retailers, fashion brands, local boutiques, independent small-scale enterprises, and designer outlets, utilize the service. The company has approximately 1.4 million registered app users worldwide, primarily in the United States.
Komehyo Holdings explained that this share acquisition is part of its medium-term management plan “Beyond the 80th year milestone,” which aims to strengthen profitability by maintaining market share in the brand and fashion business and expanding total transaction volume. By leveraging iShopShops’ platform, the company aims to expand its sales channels in the global market, particularly in the United States, create sales synergies with its existing businesses, and diversify its revenue sources by increasing transaction fee income.
The acquisition is scheduled to be completed on December 16, subject to conditions such as shareholder approval. iShopShops is expected to become a consolidated subsidiary of Komehyo from the third quarter of the fiscal year ending March 2026, and the impact on financial performance is currently under review.