World-Backed Investment Company Acquires Towel and Homeware Company "Uchino"
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ZUU onlineWorld's interim sales revenue increased 4.1% to 142.4 billion yen; W&D to acquire Uchino towel business.
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W&D Investment Design (hereinafter referred to as W&D), an equity-method affiliate of World Co., Ltd., has resolved to transfer all of the business of Uchino, which operates "UCHINO," a brand that handles towels and homeware, to a new company to be established by W&D through an absorption-type company split, making the new company a wholly owned subsidiary of W&D. The Japan Securities Depository Corporation will make a decision to purchase the d…
World Supports Restoration of Major Towel Company “Uchino” - WWDJAPAN - Latest Fashion & Beauty News
World announced on the 5th that it will support Uchino (Tokyo, President Takanobu Uchino) known for towels through group companies. W&D Investment Design (hereafter, W&D), which is jointly invested by World and Development Bank of Japan, is a new company to take over the infield business [...] THE POST WORLD SUPPORTS REVIVATION OF MAJOR TOWEL MAJOR “UCHINO” REVIVAL FIRST ON WWDJAPAN - LATEST FASHION & BEAUTY NEWS INFORMATION.
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