Kanebo Cosmetics: Anatomy of a Corporate Restructuring

Innovators Series
Corporate Luncheon
Thursday, January 26
12 – 2 pm

Read the Event Summary.

Speaker
Kunihiko Yogo, Chairman and Chief Executive Officer, Kanebo Cosmetics, Inc.

Presider
Wilbur L. Ross, Chairman & Chief Executive Officer, WL Ross & Co. LLC

In rescuing consumer products giant Kanebo, Inc., the Industrial Revitalization Corporation of Japan bought Kanebo Cosmetics, Inc. and tapped Kunihiko Yogo, an IRCJ Managing Director, to be Chairman and CEO of the new entity.  Mr. Yogo has a rich background in Japanese corporate restructuring, including his role at IRCJ as well as positions with management guru Kenichi Ohmae’s Ohmae Business Developments, McKinsey & Company and notably as co-CEO of Hikari Tsushin, Japan’s largest reseller of cellular phones.  Mr. Yogo took the moribund telephone business from the brink of bankruptcy following a plunge in its share price in 2000, and restored it to profitability in two years.  During this period, he established his reputation as a change agent who emphasizes open and transparent management in his companies.  Mr. Yogo will discuss challenges faced during the spin-off of Kanebo Cosmetics and prospects in the international cosmetics market for the revitalized company. He will also explore the role and impact IRCJ has made in Japanese corporate restructuring. 

Agenda
12-12:30 pm  Registration & reception
12:30 – 1   Luncheon
1 – 2  Lecture

Admission: Corporate members are entitled to a designated number of free admissions to this event, based on their company’s current membership level. These reservations must be made at least 48 hours prior to the event. Additional corporate registrants and Japan Society individual members at the Patron level and above pay the discounted corporate member rate of $45 for lunch and lecture, $10 for lecture only.  Nonmember admission: $65 for lunch and lecture, $15 lecture only.  The academic and government admission rate is $30 for the luncheon and $10 for lecture only.  When payment is required, prepayment must be made, or registration secured, with a credit card. All registrations and cancellations must be made at least 48 hours prior to the event. Substitutions are welcome.