OT Group Corp
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Japan's Asics to spin off Onitsuka Tiger business
Japan's Asics to spin off Onitsuka Tiger business TOKYO, June 10 : Japan's Asics Corp on Wednesday said it will spin off its high-end Onitsuka Tiger business, a key driver behind four straight years of record profit, in a bid to speed up decision-making and boost competitiveness. Asics shares were up 2.7 per cent in late morning trading in Tokyo, compared with a 0.7 per cent fall for the broader TOPIX index. Under the plan, the Onitsuka Tiger business will be transferred to OT Group Corp, a...
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