In hot water, bathroom fittings firm Lixil hires outsider to fix pipes
Early last year, big bets started to go wrong for a Japanese giant of toilets and faucets. Founded in a five-firm merger, fattened by a spree of global acquisitions, Lixil Group Corp. was suddenly rocked by a Chinese accounting scandal. After a ¥66.2 billion writedown, Lixil turned to an outsider from the world of startups […]
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