January 16, 2018 / 1:41 AM / a year ago

BRIEF- Descente to set up unit DESCENTE ATHLETIC AMERICAS

Jan 16(Reuters) - Descente Ltd

* Says it plans to set up an unit DESCENTE ATHLETIC AMERICAS INC, which will be mainly engaged in sales of athletic wear and golf wear under “Descente” brand

* Says DESCENTE ATHLETIC AMERICAS will be capitalized at $10 million (about 1.1 billion yen) and will be established in March

* Says the company and the company’s wholly owned unit DESCENTE GLOBAL RETAIL LTD will hold 50 percent stake in DESCENTE ATHLETIC AMERICAS respectively

Source text in Japanese:goo.gl/v87jev

Further company coverage: (Beijing Headline News)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below