Hong Kong’s public traded fashion conglomerate I.T recently purchased a 90.27% stake in A Bathing Ape. In a transaction encompassing a relatively paltry $21,850,000 HKD (approx. $2,800,000 USD), I.T purchased a total of 668 shares. Exact details regarding the creative future and expansion of A Bathing Ape are unknown, however A Bathing Ape founder NIGO will remain on board as the Creative Director for the next two years.
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