For Japan's economy, worst of South Korea boycott may have passed
While a South Korean consumer boycott of Japanese products continues in the wake of a prolonged dispute over wartime history and trade, economists say Japan has already seen the worst of its economic repercussions. Concerns had grown among businesses as moves to shun Japanese brands ...
Descente slashes net profit outlook by 82% amid South Korea boycott of Japanese goods
Sportswear-maker Descente Ltd. on Wednesday sharply slashed its net profit outlook for fiscal 2019, hit by a widespread boycott of Japanese products in its mainstay South Korean market. The seller of Umbro, Le Coq Sportif and Munsingwear brands said it expects group net profit to ...
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 ...
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 ...
