Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. ITOCHU Corporation
  6. News
  7. Summary
    8001   JP3143600009

ITOCHU CORPORATION

(8001)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ITOCHU : Announces Acquisition of Exclusive Distribution Rights for “Slowear” Brand

10/25/2020 | 11:15pm EDT

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

Disclaimer

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


ę Publicnow 2020
All news about ITOCHU CORPORATION
09/22Nikkei hits two-week low on caution before U.S. Fed meet
RE
09/17ITOCHU : Listed on Top of Superior Companies in Gomez ESG Site Rankings 2021
PU
09/15Russian ESPO oil prices at 21-mth high, boosted by strong China demand
RE
09/15Timee, Inc. announced that it has received ą4 billion in funding from Keyrock Capital M..
CI
09/13ITOCHU : Main events scheduled for Tuesday, Sept. 14
AQ
09/13ITOCHU : Announces Development of Animation Character Licensing Business in Asia
PU
09/10ITOCHU : Announces Investment in and Business Partnership with Timee, Inc.
PU
09/09ITOCHU : Announces Food Support for COVID-19 Infected Patients Recuperating at Home
PU
09/08PayPal's $2.7 billion Japan deal heats up buy now, pay later race
RE
09/07PayPal's $2.7 bln Japan deal heats up buy now, pay later race
RE
More news
Financials
Sales 2022 11 320 B 102 B 102 B
Net income 2022 638 B 5 762 M 5 762 M
Net Debt 2022 2 432 B 21 963 M 21 963 M
P/E ratio 2022 7,64x
Yield 2022 3,14%
Capitalization 4 937 B 44 596 M 44 578 M
EV / Sales 2022 0,65x
EV / Sales 2023 0,65x
Nbr of Employees 125 944
Free-Float 88,9%
Chart ITOCHU CORPORATION
Duration : Period :
ITOCHU Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ITOCHU CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 3 324,00 JPY
Average target price 3 889,17 JPY
Spread / Average Target 17,0%
EPS Revisions
Managers and Directors
Masahiro Okafuji Chairman & Chief Executive Officer
Keita Ishii President, COO & Representative Director
Tsuyoshi Hachimura CFO, Representative Director & Executive VP
Fumihiko Kobayashi Representative Director & Executive Vice President
Atsuko Muraki Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ITOCHU CORPORATION12.15%44 596
MITSUBISHI CORPORATION39.98%47 429
MITSUI & CO., LTD.28.79%35 835
ADANI ENTERPRISES LIMITED205.07%21 774
SUMITOMO CORPORATION16.88%18 018
SAMSUNG C&T CORPORATION-7.25%17 859