Tag: japan’s asics
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Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise
TOKYO, June 10 : Japan’s Asics on Wednesday said it will spin off its high-end Onitsuka Tiger business, a key driver behind four straight years of record profit thanks to a tourism boom and a surge in demand for its retro-inspired sports shoes. Under the plan, the nearly 80-year-old Onitsuka Tiger business wi
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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 wit
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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-
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