From Nikkei Asia · · 50s
Japanese Apparel Firms Merge to Form 3rd Largest Player
World and TSI Holdings merge to create Infinity United, targeting 500 billion yen sales in shrinking Japanese market.
In brief
World and TSI Holdings merge to create Infinity United, targeting 500 billion yen sales in shrinking Japanese market. World and TSI Holdings will merge to form Infinity United, a new holding company expected to become Japan's third-largest apparel firm with 500 billion yen sales. Originally reported by Nikkei Asia.
World and TSI Holdings
Japanese apparel firms World and TSI Holdings announced they will merge operations to cut costs as Japan's domestic market shrinks.
New Holding Company
Infinity United will be established from March 1, 2027, with World and TSI Holdings becoming subsidiaries.
Sales and Profits
The merger targets 500 billion yen ($3.16 billion) sales and 26 billion yen operating profits for the year ending February 2027.
In short
World and TSI Holdings will merge to form Infinity United, a new holding company expected to become Japan's third-largest apparel firm with 500 billion yen sales.
