Wacoal Holdings Advances ‘Asset Light’ Strategy

WACOAL HOLDINGS (JP:3591) has released an update.

Wacoal Holdings Corp. has resolved to transfer the land of its former Fukuoka Office, moving towards an ‘asset light’ strategy in line with its revised medium-term management plan. The undisclosed transferee is a domestic business corporation with no prior ties to Wacoal. The transaction, which includes a 3,367 square meter land parcel, is scheduled for August 27, 2024, and while the financial details are not disclosed, the transfer is expected to yield a profit from the sale.

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