Japan sportswear firm Descente appoints new chief from Itochu after rare hostile takeover
Sportswear maker Descente Ltd. said Monday it has appointed a new head from top shareholder Itochu Corp., effective in June, after the trading house succeeded in completing a hostile takeover earlier this month. Descente President Masatoshi Ishimoto, a member of the company's founding family, will ...
Descente president likely to step down after successful hostile bid by Itochu
Masatoshi Ishimoto, president of sporting goods maker Descente Ltd., is likely to step down after trading house Itochu Corp. successfully completed a hostile tender offer, according to informed sources. Itochu demanded changes to Descente's management when senior officials of the two Japanese companies met in ...
Itochu wins bigger stake in sportswear-maker Descente in rare hostile takeover for Japan
Trading house Itochu Corp. said Friday it has increased its stake in major sportswear-maker Descente Ltd. to 40 percent, succeeding in what, for Japan, was a rare hostile takeover bid. The two firms with over 50 years of business ties were drawn into a takeover ...
