Descente Ltd (8114.T)
24 May 2019
Latest Key Developments (Source: Significant Developments)
Feb 6 (Reuters) - Nikkei: :DESCENTE LTD FAILED TO FORMULATE RESPONSE OVER TENDER OFFER BY ITOCHU CORP AFTER HOLDING SPECIAL BOARD MEETING ON TUESDAY - NIKKEI. Full Article
Jan 31 (Reuters) - Descente Ltd <8114.T>::DESCENTE LTD - ITOCHU'S ANNOUNCEMENT OF TENDER OFFER FOR COMPANY WAS MADE WITH NO PRIOR CONTACT TO ITS BOARD.DESCENTE LTD - SHAREHOLDERS SHOULD "ACT CAUTIOUSLY" UNTIL COMPANY COMMUNICATES ITS VIEWS ON ITOCHU'S ANNOUNCEMENT. Full Article
Jan 16(Reuters) - Descente Ltd <8114.T>: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 . Full Article
June 16(Reuters) - Descente Ltd <8114.T>:Says it and its unit DESCENTE KOREA LTD. will set up a joint venture (JV) with DONGIN SPORTS CO., LTD in June.Says this JV will be engaged in "arena" brand related business and local marketing in Korea and will be capitalized at 5 billion won(500 million yen).Says DONGIN SPORTS, the company and DESCENTE KOREA will hold a 65 percent, 25 percent and 10 percent stake in this JV reapectively. Full Article
TOKYO, March 25 Japanese sportswear company Descente said it was replacing its president with an executive from Itochu Corp, capitulating to a rare hostile takeover by the Japanese trading house.