Asics' Onitsuka Tiger, famed for its yellow and black sneakers, is embarking on a global expansion to capitalise on booming demand for its retro fashion shoes, but analysts warn the ambition could put its impressive margins at risk.
Japan's Asics Corp on Wednesday said it will spin off its high-end Onitsuka Tiger business, a key driver behind four straight years of record profit, in a bid to speed up decision-making and boost competitiveness.
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