OT GROUP CEO on Onitsuka Tiger Spinning off from Asics
AI Summary
In an interview with Bloomberg News, OT GROUP President and CEO Ryoji Shoda revealed plans to spin off Onitsuka Tiger as an independent brand, separating it from its parent company Asics. This move aims to strengthen Onitsuka Tiger's identity and market presence, allowing it to compete more effectively in the global athletic footwear industry. The decision underscores a broader trend in the industry where brands seek to carve out their own niches and capitalize on unique market opportunities.
Original Source
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