Opinion

Itochu versus Descente -- investors stuck in the middle

Trader's bid to up stake in sportswear maker Descente highlights Japan's systemic conflicts of interest

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Stephen Givens
March 8, 2019 14:01 JST
20190308 Descente logo.jpg

Descente's general shareholders should be skeptical of Itochu's motivations. (Photo by Kento Awashima)

Japanese trading company Itochu's bid to boost its stake in sportswear maker Descente from 30% to 40% by means of a tender offer is, on the surface, a minor transaction.

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