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ABC-MART rises on acquisition of Korean shoe retailer FOLDER business

Tue Jun 2, 2026 12:48 pm JST Catalyst

Shares of ABC-MART, INC. <2670> traded firmly higher on Tuesday. Following the market close on Monday, June 1, the footwear retailer announced that its subsidiary, ABC-MART Korea, secured official regulatory approval to acquire the "FOLDER" shoe select shop business from Seoul-based retail giant Eland World. The strategic expansion was welcomed by investors as a positive catalyst.

FOLDER is a prominent multi-brand footwear boutique that enjoys strong consumer loyalty driven by a curated product lineup of global brands and value-added retail propositions. The chain operates 35 directly managed locations across major South Korean cities, generating annual net sales of approximately 100 billion won. The transaction is designed to significantly solidify the ABC-MART Group's market footprint in South Korea. While financial terms were not disclosed, the company stated that the impact on its earnings guidance for the fiscal year ending February 2027 is currently being evaluated.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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