Philips and Marantz Japan Re-Shuffle Brand Ownership
Last week, <A HREF="http://www.philips.com">Philips Electronics</A> and Marantz Japan jointly announced that Marantz Japan intends to buy the Marantz trademark, as well as the European and American sales organizations, from Philips. The companies say that the transaction is due to take effect in the coming months. In addition, Philips says it intends to sell shares equal to 1.5% of all shares held in Marantz Japan, effectively reducing its ownership percentage from 50.5% to 49%.