GCM's Valkyrie, which will hold its first card on Nov. 8, will not be the only all-female fight promotion in Japan, as from the ashes of Smackgirl, newly formed parent company Marvelous Japan has announced its own upstart organization, Jewels.
Yuichi Ozono, an executive from Japanese event production company Archery Inc. will lead Marvelous Japan. After learning of the languishing Smackgirl and its business woes, Ozono formed Marvelous Japan and acquired the assets and rights formerly belonging to Smackgirl parent company Kilgore.
"I always liked the martial arts, especially Smackgirl, and when I read that they were in trouble, I wanted to find out the truth," Ozono said. "I met with [former Smackgirl President Motoki] Shino and heard that it was impossible for the promotion to continue, so I proposed to him to let me take over the promotion. After several discussions, we reached an agreement, and he gave me the management team of Smackgirl."LINK