Business · Companies · 2 hrs ago
World and TSI Holdings agree to merge under a new holding company
Japanese apparel companies World and TSI Holdings agreed to combine their businesses on October 14.
World is based in Kobe, while TSI Holdings is based in Tokyo.
They plan to create a joint holding company, Infinity United, in March 2027, and both companies will become its subsidiaries.
The merger is described as being on equal terms, with TSI chief Takeshi Shimoji set to chair the new company and World chief Nobuteru Suzuki set to lead it as president.
The combined companies would have about 500 billion yen in sales, according to one account.
Japan's apparel market is shrinking as the population ages and fewer children are born, and the companies say the merger can help reduce operating costs such as purchasing.
The new holding company is scheduled to launch in March 2027.
World and TSI Holdings announced an agreement to integrate their businesses.
They plan to establish a joint holding company, Infinity United, in March 2027.
Both companies will become subsidiaries of the new company.
The integration is described as being on an equal footing.
The combined companies would have sales of about 500 billion yen, making them Japan’s third-largest apparel company, according to Nikkei.
- Who
- Apparel companies World and TSI Holdings.
- What
- They agreed to integrate under a joint holding company called Infinity United.
- When
- They announced the agreement on October 14, 2026, and plan to establish the holding company in March 2027.
- Where
- World is based in Kobe, and TSI Holdings is based in Tokyo. The new holding company will be based in Tokyo.
- Why
- Nikkei says the integration aims to reduce operating costs, including procurement costs, as Japan’s apparel market shrinks amid a declining and aging population.
This story does not have two clearly opposing sides.
World and TSI Holdings announced that they had agreed to integrate.
The companies plan to establish the joint holding company Infinity United.
- New holding company
- Infinity United
- Planned establishment
- March 2027
- World headquarters
- Kobe, Hyogo Prefecture
- TSI Holdings headquarters
- Tokyo
- Combined sales
- About 500 billion yen