The news story you are looking for has expired. A more recent related article is displayed below.

Sponsored Links

JAPAN'S JTB MERGING GROUP UNITS TO EXPAND LINEUP OF THEME TOURS

TOKYO, Sep 14, 2009 (AsiaPulse via COMTEX) --

Company: Global Club Inc (GOBA)

Japan's JTB Corp. will Oct. 1 merge two subsidiaries that sell tours with a targeted purpose, such as sports and language-learning packages, amid growing demand for such travel.

JTB Sun & Sun Co., which markets such sports tours as skiing and diving, and JTB Global Club Inc., which handles overseas language-training trips and homestays, will merge into JTB Gaiarec Inc.

The new company will expand tour lineups, combining the know-how of the two predecessors, which had combined sales of 10.2 billion yen (US$112.8 million) in fiscal 2008.

JTB Gaiarec will be capitalized at 100 million yen, with 99 per cent owned by JTB and the other 1 per cent by the travel agency's advertising unit JIC Corp.

(Nikkei) cg

Copyright (C) 2009 Asia Pulse. All rights reserved

News Provided by COMTEX

Company: Global Club Inc (GOBA)


Related terms: advertising, diving, japan, merger, nikkei, sales, skiing, sports, travel, yen

Related Articles

Fortress Reports Third Quarter 2009 Financial Results
Nov 6, 2009
...subsidiaries related to Fortress Operating Group units (held by the principals) and income...Weighted average Fortress Operating Group units 310,436,556 312,071,550 Weighted...Weighted average Fortress Operating Group units 311,520,563 312,071,550 Weighted...

Kristy Dorsey reports on the growing influence of sovereign wealth funds
Oct 25, 2009
...Next » Next » View Gallery Published Date: 25 October 2009 PREVIOUSLY regarded as hostile raiders, the elite global club of sovereign wealth funds (SWFs) began to look more like saviours as the financial crisis unfolded in 2008. They...

McDonald's seeks new spin on 'I'm Lovin' It'
Oct 12, 2009
...sources said. The drill began a few months ago and is ongoing, with the shops -- identified by sources as Omnicom Group units DDB and TBWA and Publicis Groupe's Leo Burnett -- conducting market research and developing pitch ideas, sources said...

Media company bows out of ad agency Pizza Hut contest
Nov 6, 2009
...sources. Pizza Hut previously identified its other finalists as Publicis Groupe's Saatchi & Saatchi in New York, Interpublic Group units Gotham in New York and The Martin Agency in Richmond, Va., and Omnicom Group's Merkley + Partners in New York...