Onitsuka Tiger TOKYO
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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...
Japan's Asics considers spinning off Onitsuka Tiger
Japan's Asics considers spinning off Onitsuka Tiger TOKYO, June 10 : Japan's Asics Corp said on Wednesday that it was considering spinning off its Onitsuka Tiger business. The board will discuss the matter at a meeting scheduled for later in the day, the company stated in a statement. TV Tokyo broadcaster said on Tuesday that Asics will spin off its high-end shoe brand into a new company in a bid to accelerate decision-making and expand the business globally.