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COPYRIGHT 2005 The Yomiuri Shimbun
Byline: Tomoko Echizenya
Dec. 25--TOKYO -- The growth strategy of Wacoal Holdings Corp., a major women's underwear manufacturer, seeks to incorporate more than just what lies beneath clothes.
Under the leadership of President Yoshikata Tsukamoto, Wacoal changed its structure to a holding company system on Oct. 1 to actively engage in merger and acquisition activities.
"When I engage in M&A activities, I consider what the whole [Wacoal] group could do, instead of thinking about what it means just to sell underwear," Tsukamoto said.
The 57-year-old Wacoal president said the company was currently in M&A talks with several potential partners.
"One has excellent know-how on product developments targeting young consumers. Another is good at skin care products. Businesses like these can expand under the name of Wacoal. We have many options [in the ongoing talks]," Tsukamoto said.
"[Women's] underwear will remain our main business for the time being, but in the future we can widen...
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