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Fast Retailing

Fast Retailing Co., Ltd.
Native name
ファーストリテイリング
Public
Traded as TYO: 9983
SEHK: 6288
Industry Retail
Founded
  • 1949 as Ogori Shoji Co., Ltd. (Ube, Yamaguchi, Japan)
  • 1984 as Fast Retailing Co., Ltd. (name change)
Founder Tadashi Yanai
Headquarters Yamaguchi, Yamaguchi, Japan
Area served
Japan
Key people
Products Clothing, accessories
Revenue ¥1,143 billion (FY2013)[1]
¥132 billion (FY2013)[1]
¥90 billion (FY2013)[1]
Total assets ¥885 billion (FY2013)[1]
Total equity ¥579 billion (FY2013)[1]
Number of employees
23,982 (2013)[2]
Subsidiaries Uniqlo
Website .com.fastretailingwww

Fast Retailing Co., Ltd. (ファーストリテイリング Fāsuto Riteiringu) is a public Japanese retail holding company. In addition to its primary subsidiary Uniqlo, it owns several other brands, including J Brand, Comptoir des Cotonniers, g.u., Princess Tam-Tam, and Theory.

Contents

  • History 1
  • Company Updates 2
  • See also 3
  • References 4
  • External links 5

History

The company was founded as Ogori Shoji Co., Ltd. in 1963 by Tadashi Yanai.

In 1984, the company, which ran a menswear store in Ube, Yamaguchi, opened a new casual-wear store named Unique Clothing Warehouse in Hiroshima City; this was the forebear of Uniqlo.[3]

In September 1991, Ogori Shoji changed its name to Fast Retailing Co., Ltd., and was listed on the Hiroshima Stock Exchange in July 1994.[3]

In February 1999, it was listed on the first section (large companies) of the Tokyo Stock Exchange.[3]

The company also owns the American brand Theory; Fast Retailing acquired "an equity stake in Link Theory Holdings Co Ltd, the marketer of the Theory and Helmut Lang apparel brands, in 2004".[4] It acquired the rest of the company in 2009.

In 2007, it unsuccessfully offered a bid of US$900 million for Barneys New York department store to the Jones Apparel Group.[5]

In 2012, the company purchased an 80% stake of premium denim company J Brand for US$290 million and US$10 million in advisory legal fees.[6]

Company Updates

  • Fast Retailing Co., Ltd partnered with Accenture to develop digital innovation in consumer services across all retail channels [7]

See also

References

  1. ^ a b c d e "5 years Financial Summary | FAST RETAILING CO., LTD". Fast Retailing Co., Ltd. Retrieved March 30, 2014. 
  2. ^ "Overview | FAST RETAILING CO., LTD". Fast Retailing Co., Ltd. Retrieved March 30, 2014. 
  3. ^ a b c Uniqlo Syndrome. Toyo Keizai Shinpo Sha. ISBN 4-492-76191-8 Tenkai Japan. ASIN: B004PYDPOK.
  4. ^ "Apparel and textile industry factsheets".
  5. ^ "Fast Retailing of Japan Makes Offer of $900 Million To Buy Barneys". International Herald Tribune.
  6. ^ Li, Shan. "Fast Retailing buys majority stake in L.A. denim line J Brand". LA Times. 
  7. ^ "Accenture and Fast Retailing Join Forces to Develop Digitally Enabled Consumer Services". 

External links

  • Official website
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