TOKYO, May 20 (Pulse News Wire) – World CO.,LTD. (3612.T) announced today that its senior chairman, Shuzo Terai, will retire effective May 28, 2026.
Terai joined the company in 1969 and played a pivotal role in developing numerous brands, including the company’s first men’s brand. He introduced the SPARCS concept in 1992, which aimed to optimize the value chain from customer perspective while reducing waste. After becoming president in 1997, he spearheaded the transition from apparel wholesaling to the SPA model. In recent years, he focused on building a platform for future growth and advising the management team.
The decision to retire comes as the company has achieved significant progress towards its mid-term plan, Vision-W, which outlines structural changes beneficial to the industry and smooth succession planning. With the goals largely met, Terai believes his mission is complete. Following Terai’s retirement, the position of senior chairman will be abolished. The company plans to streamline decision-making processes and enhance corporate governance further under the existing leadership structure to sustainably increase enterprise value.
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