Business deals

Descente's Chinese shareholder backs Itochu in takeover fight

Trading house's role a 'plus' for sportswear maker, Anta Sports chief says

20190228N Anta mannequin

Anta Sports Products is China's largest homegrown sportswear retailer with over 10,000 outlets. © Reuters

TAKESHI KIHARA, Nikkei staff writer
March 1, 2019 07:41 JST

HONG KONG -- Japanese sportswear maker Descente's second-largest shareholder has decided to support Itochu in an increasingly heated takeover battle for the company, arguing that a tighter grip by the Tokyo trading house will boost its business.

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