ITOCHU : Announces Acquisition of Exclusive Distribution Rights for “Slowear” Brand
October 26, 2020 at 12:15 am EDT
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ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter 'ITOCHU') announced today that it has acquired the exclusive distribution rights in the Japanese market for the Italian apparel brand group 'Slowear '. ITOCHU will start offering the products in autumn-winter 2021 through Coronet Corporation (headquartered in Chiyoda-ku, Tokyo; Nobuyuki Nanamiya, Executive Director; hereinafter 'Coronet').
Slowear is an Italian conglomerate of brands comprising similarly craft-minded companies. In the 1980s, the group started the wholesale distribution of products from 'Incotex', which is known for the best trousers in the world. Alongside its expansion, Slowear acquired other brands that are aligned with Incotex for style, heritage and elegance, such as 'Montedoro' for outerwear, 'Zanone' for knit, and 'Glanshirt' for shirts. Today, the portfolio of brands owned by the Slowear group are available and distributed in the best department stores and specialty stores in over 40 countries globally. In 2010, Slowear started its retail concept, and since then it has expanded globally with 32 stores in the main international capitals including London, Paris, and New York.
In the Japanese market, in addition to the development of the existing directly-managed stores through Slowear Japan Co., Ltd., from the autumn/winter season of 2021, ITOCHU will start the development through Coronet in department stores, specialty stores and select shops nationwide. In the future, by fusing the rich experience and know-how of Slowear Japan Co., Ltd. and Coronet Co., Ltd., we will strongly emphasize the world view of the 'Slowear' brand and further raise the brand recognition, aiming to achieve sales of 3.0 billion yen on a retail sales basis in three years.
Overview of Coronet Corporation
Incotex, a trouser brand
Slowear's heroic images for autumn-winter 2020
Flagship store in Milan
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Itochu Corporation published this content on 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2020 04:14:04 UTC
Itochu Corporation is a diversified group organized around 8 areas of activity:
- distribution of food products (34.9% of net sales): frozen food, vegetable oil, sweeteners, sugars, etc.;
- distribution of hydrocarbons (23.3%): hydrocarbons (natural gas, oil products, bioethanol, etc.). The group also develops manufacturing of chemical products activity;
- manufacturing and sale of industrial and construction machines, vehicles and ships (9.7%);
- production of metals and coal (8.5%);
- sale of consumer products (8.4%). The group also develops forest products sale and real estate development activities;
- distribution of computing and telecommunication equipments (7%): data transmission, Internet access, media content broadcasting and mobile telephony equipments. The group also offers financial services;
- sale of textile products (3.6%);
- other (4.6%).
Net sales are distributed geographically as follows: Japan (79.5%), Singapore (5.4%), the United States (4.5%), Australia (3.1%), China (2.8%) and other (4.7%).