OOTOYA RESHUFFLED ITS MANAGEMENT AFTER COLOWIDE’S SUCCESSFUL TAKEOVER BID

Highlights –

• Ootoya reshuffled its management after Colowide’s successful takeover bid.
• Ootoya’s shareholders approved Colowide’s request to dismiss 10 of 11 board members.
• Seven new directors were appointed by the shareholders.
• Mitsumori and his mother sold their stakes.

Struggling Japanese-style set-menu eatery chain Ootoya Holdings ....