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Matsushita Changes Name to Panasonic |
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Written by Administrator
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Thursday, 10 January 2008 |
TOKYO – Some 90 years after its founding, Matsushita
Electric Industrial Co. is shedding its eponymous name.
As of Oct. 1, Japan’s second-largest technology company will
officially assume the name Panasonic Corp., a nod to its global brand.
President Fumio Ohtsubo said the decision was difficult, but
that the brand will benefit from shedding the original name for the
better-known moniker.
The name change will become effective Oct. 1, pending
shareholder approval.
Matsushita was founded in 1918 by then 23-year-old Konosuke
Matsushita.
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