Intermestic completed the acquisition of Horus from Nippon Investment Company for JPY19bn..

Intermestic, an eyewear retailer operating the Zoff brand across Japan, completed the acquisition of Horus, a company that manufactures and sells cosmetics, quasi-drugs, health foods, and raw materials for pharmaceuticals, from Nippon Investment Company, a Japanese private equity firm, for JPY19bn. The acquisition expands Intermestic’s product portfolio and market reach beyond eyewear into cosmetics, quasi-drugs, health foods, and pharmaceutical raw materials. It diversifies Intermestic’s business and leverages Horus' established presence in these sectors, aligning with Intermestic’s strategy to strengthen its competitive position and growth prospects in complementary healthcare and lifestyle markets.