Early termination of the AIGLE brand business
First written in FY2016-Q3. 4 of 8 entries say "Cited as achieved", first in FY2017-Q3. Latest entry: FY2018-Q3.
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- FY2018-Q3Cited as achievedAnnual report
「As a result, consolidated results for the third quarter cumulative period declined, with net sales falling to ¥12,739 million, down 14.4% year on year, following the termination of the AIGLE business in the previous fiscal year.」
The termination of the AIGLE business is cited as a completed restructuring measure that contributed to the decline in sales for the third quarter cumulative period. - FY2018-Q1Cited as achievedAnnual report
「Consolidated results for the first quarter cumulative period declined, with net sales falling to ¥4,352 million, down 15.3% year on year, following the termination of the AIGLE and casualwear businesses in the previous fiscal year.」
The termination of the AIGLE business is cited as a completed restructuring measure that contributed to the decline in sales for the quarter. - FY2017Cited as achievedAnnual report
「The above licensing agreement with AIGLE International S.A. expired on 28 February 2017, and the business changed from the company to Lacoste Japan Co., Ltd. on 1 March of the same year.」
The end of the AIGLE licensing agreement and the business transfer are reported as completed events. - FY2017-Q3Cited as achievedAnnual report
「The licensing agreement with AIGLE International S.A. for the company's AIGLE brand business expired on 28 February 2017, and the business changed from the company to Lacoste Japan Co., Ltd. on 1 March 2017.」
The end of the AIGLE licensing agreement and the change to Lacoste Japan Co., Ltd. on 1 March 2017 are reported as completed historical events. - FY2017-Q2AchievedAnnual report
「In connection with the review of its business strategy under the medium-term structural reform, the company amicably terminated its licensing agreement with AIGLE International S.A. for the AIGLE brand effective 28 February 2017.」
The licensing agreement for the AIGLE brand ended on 28 February 2017, completing the early-termination plan. In addition, store assets and other items were handed over to Lacoste Japan Co., Ltd. on 1 March 2017. - FY2017-Q1AdvancedAnnual report
「Consolidated results for the first quarter cumulative period declined, with net sales falling to ¥5,141 million, down 10.7% year on year, due to the reduction in AIGLE stores and the withdrawal from the casualwear business.」
The reduction in AIGLE stores was explicitly identified as a performance factor, indicating that specific restructuring measures had been implemented following the previous agreement for early termination. - FY2016RestatedAnnual report
「The company reached a basic agreement to terminate amicably and ahead of schedule its current licensing agreement with AIGLE International S.A. on 28 February 2017, before its expiry on 31 December 2018.」
The basic agreement designating 28 February 2017 as the termination date continues to be reported. - FY2016-Q3First statedAnnual report
「As part of its medium-term structural reform aimed at reviewing its business strategy, the company reached a basic agreement on 26 May 2016 with AIGLE International S.A. to terminate the licensing agreement for the AIGLE brand amicably and ahead of schedule, effective 28 February 2017.」
The company indicated a basic agreement to terminate the AIGLE business, which had been operated since 1993, on 28 February 2017, before the contract expired.