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Tensions grow between Descente and major shareholder

11/02/2019

Tensions appear to be growing between Japanese sports brand Descente and Itochu, the industrial group that owns around 30% of Descente equity. Itochu directors spoke in January about an ambitious expansion for Descente in China, while brand president, Masatoshi Ishimoto, a member of the family that founded Descente in the 1930s, expressed concern ...

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