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13 Asics Stores Closed Due to Dispute

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Asics America Corp.’s Fashion Island retail store is among 13 locations that licensed operator Windsor Financial Group LLC closed last week following a contract dispute between the companies.

The Irvine footwear and apparel company, part of Japan-based Asics Corp., sells most of its merchandise through more than 1,000 wholesale customers.

Its outlet stores, including a location in Orange, are unaffected and remained open.

New York-based Windsor’s investors, Size It LLC in Los Angeles and member Mickey Segal, filed a lawsuit in L.A. County Superior Court alleging Asics withheld inventory and marketing support for the stores.

Asics said in an emailed statement that it believes that the legal action is “baseless and without merit.”

It surpassed $1 billion in net sales for the first time last year, a 14.9% year-over-year increase, and has said it expects about 14% growth this year. It opened its first company-owned store in New York City in 2009, followed by a Fashion Island location in August 2013. Eleven more stores followed last year, including a flagship location in Times Square in Manhattan.

—Mediha DiMartino

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