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ASICS Establishes Local Affiliate in Colombia

REGIONAL: Global
RELEASE DATE: 2017.11.02

ASICS Corporation (Headquarters: Kobe, Japan; President and CEO: Motoi OYAMA) announces the establishment of a local affiliate in Bogota, Colombia. The new company has been created to bolster sales of ASICS products.

Details

Company name: ASICS Colombia S.A.S
Location: Bogota
Representative: Gumercindo Moraes Neto / Kenji Sakai
Date of establishment: July 21, 2017
(Operations scheduled to begin January 2018)
Capital: 13.5 million Colombian pesos
※USD/COP3,000
Operations: Retail sales
Product lineup: Athletic shoes, apparel, and accessories (including running,
training, and volleyball), Onitsuka Tiger, ASICS Tiger 
brand shoes

Purpose

Sales of ASICS merchandise in Colombia have in the past been conducted through ASICS America (California) and sales through local retail agents have been growing. Establishing the local affiliate will allow ASICS to further bolster sales activities and expand local relations in order to increase sales of ASICS products in the region. The local affiliate will also be able to more closely manage marketing activities in Colombia in order to build an even stronger brand.

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