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 ...