-
·
50 Geos branches will be renamed
Nagoya-based investment fund Inayoshi Capital Partners said Thursday that about 50 of its 167 Geos foreign-language school branches will be renamed Nova X Geos after November. ICP also said it will close down about 20 Geos branches whose business areas are overlapping with those of Nova. The company said students of those schools will be…
-
·
Retooled English school chains set to launch Nova x Geos brand
Nova x Geos, a new English conversation school brand integrating branches from the Nova and Geos chains, is scheduled to be established on Nov. 1, according to the chains’ parent firm. Masaki Inayoshi, chairman of investment company Inayoshi Capital Partners, said Wednesday that about 50 of Geos’ 167 branches nationwide would adopt the new brand…
-
·
Language Schools Nova, Geos Get Yet Another New Owner
Restaurant operator G.communication Co. has sold its subsidiary that runs the language schools Nova and Geos to an investment fund managed by its founder and former chairman. The Oct. 1 transaction was apparently triggered by the fact that G.communication’s parent company, Foody’s Co., has been hit hard by the recent failure of Incubator Bank of…
-
·
Geos, Nova English schools change ownership once again
G.communication Co. has sold off the failed English conversation school chain Geos, which it took over in April, along with the Nova chain of English schools, The Yomiuri Shimbun has learned. An investment company led by Masaki Inayoshi, who formerly served as chairman of G.communication, purchased the subsidiary of the Nagoya-based firm that ran both…
-
·
Nova, Geos now under investment fund’s wing
Nagoya-based G. communication Co. last week sold Nova Corp. and Geos Corp., two major foreign language school chains, to an investment fund. The fund, Inayoshi Capital Partners, run by recently retired G. communication founder Masaki Inayoshi, acquired the stakes Friday by purchasing shares of G. education Co., a G. communication spokeswoman said. Seven Geos language…
-
·
ジオス・ＮＯＶＡ買収のジー社、英会話事業売却
経営破綻した英会話学校「ジオス」を今年４月に買収したジー・コミュニケーション（名古屋市）が、３年前に買収したＮＯＶＡも含めた英会話事業を売却していたことが４日分かった。
-
·
G. Communication Sells Nova, Geos
G. communication Co. has sold all of its shares in a unit that manages English language schools Nova and Geos, officials of the Japanese diversified business group said Monday. The shares in G. education Co. were sold on Friday to an investment company headed by G. communication founder Masaki Inayoshi for an undisclosed sum. http://jen.jiji.com/jc/eng?g=ind&k=2010100400867
-
·
‘Japanese way’ costs $190,000
The boss of a multi-national English language school in Auckland has been awarded $190,000 after an employment tribunal dismissed claims he was used to being treated “the Japanese way”. David Page was stripped of his job as regional director of GEOS New Zealand at a conference in 2008 and demoted to head of the company’s…
-
·
Telling the other side of the Geos story
Thank you very much for printing the story regarding the Geos bankruptcy. As a former Geos teacher, I was glad to see that you told the other side of the story, as other media had made it appear that there weren’t any problems because G.communication had taken over the company in advance. This is not…
-
·
All shuttered Geos schools to reopen for lessons in May
G.communication Co., which has taken over collapsed English conversation school operator Geos Corp., plans to resume lessons at all Geos schools by the end of May, the company president said. This means lessons will resume soon at 18 of the 230 Geos schools that were closed for falling behind in their rent payments and for…