Apparel & Accessories

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Levi Strauss Japan to offer early-retirement program and expects extraordinary loss for FY 2014

Thursday, 10 Apr 2014 02:00am EDT

Levi Strauss Japan KK:To offer early-retirement program to employees during the period from April 10 to April 30.Expects about 20 employees to take up the offer, who will retire after May 31 with additional payment and outplacement support.Sees extraordinary loss of about 60 mln yen for retirement payment, for fiscal year ending Nov. 30, 2014.

Asia Brands Bhd disposes subsidiary to another wholly owned subsidiary

Monday, 31 Mar 2014 08:00pm EDT

Asia Brands Bhd:Disposed off entire shares held in a subsidiary, B.U.M. Holdings (M) Sdn Bhd comprising 1,000,000 ordinary shares of 1.00 each Ringgit, representing 100 pct of the total paid-up capital in B.U.M. Holdings at a total consideration of 1,000,000.00 Ringgits to Anakku Sdn Bhd, another subsidiary.As a result, B.U.M. Holdings ceased to become a wholly-owned subsidiary of the company and became a sub subsidiary company.

MARUMITSU announces result of early retirement program

Friday, 28 Mar 2014 02:00am EDT

MARUMITSU CO LTD:Says seven employees took the offer of early retirement program during the period from March 17 to March 24, with retirement period from April 20 to Sep. 20.The company will extend retirement offer period to April 10.

MARUMITSU CO LTD to offer early retirement program

Tuesday, 11 Mar 2014 02:00am EDT

MARUMITSU CO LTD:To offer early retirement program to employees over age 45 and under 59, from March 17 to March 24.Expects 30 employees to take up the offer, with retirement period of April 20 to Sep. 20.The employees will be offered retirement pay and additional benefits, as well as outplacement support.

Thanga Mayil Jewellery Ltd Intimates regarding merger of branch

Friday, 21 Feb 2014 02:01am EST

Thanga Mayil Jewellery Ltd:Says that due to operational reasons and also to get benefit out of synergy optimization initiative, the company have decided to merge the company's operations at Vellakovil branch with Tharapuram branch with effect from March 01.

Marushohotta Co Ltd to merge with wholly owned subsidiary

Friday, 21 Feb 2014 01:00am EST

Marushohotta Co Ltd:To merge with its Fukuoka-based wholly owned subsidiary,Ltd, which engages in wholesale of women's clothing, effective Oct.1.Marufuku will be dissolved after the merger.

SANKYO SEIKO CO LTD to dissolve Tokyo-based subsidiary

Monday, 17 Feb 2014 01:30am EST

SANKYO SEIKO CO LTD:Says to dissolve Tokyo-based wholly owned subsidiary, which engages in the sale of living products.Liquidation to be completed in March.

Edoardos Martin SAB de CV's subsidiary closes its boutiques

Monday, 10 Feb 2014 03:18pm EST

Edoardos Martin SAB de CV:Says on Feb. 10 its subsidiary, Edoardo's SA de CV, closed all the boutiques it had operated.Says the subsidiary owned eight boutiques at the end of the third quarter of 2013.

Marimekko Oyj to reorganize operations in Finland and United States

Wednesday, 5 Feb 2014 01:25am EST

Marimekko Oyj:Says it is planning to carry out a reorganization of its operations, which is expected to result in the elimination of an estimated maximum of 65 jobs in Finland and the United States.Says if implemented to its full extent, the reorganization will yield annual savings in costs estimated at roughly 2.5 million euros and an improvement in operating result.


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