Japan’s Asics considers spinning off Onitsuka Tiger
A member of staff shows Onitsuka Tiger’s Mexico 66 model at the company’s flagship store in Tokyo, Japan, December 2, 2024. REUTERS/Kim Kyung-Hoon
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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.
Source: Reuters
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