Avolta Makes a Canny Move for DFS's Okinawa Business -- Market Talk
Dow Jones06-23
0654 GMT - Avolta's move for DFS's business in a Japanese city shows a solid approach by management to capital spending, Vontobel's Manual Lang argues. The Swiss duty-free giant said it was acquiring its rival's Okinawa business for an undisclosed sum in a bid to expand its geographic presence in East Asia. "The accretive nature of the deal on every metric shows disciplined capital allocation approach by the management," Lang says. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
June 23, 2026 02:54 ET (06:54 GMT)
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