BrandWikiReturn

Fast Retailing

Fast Retailing Co., Ltd. (株式会社ファーストリテイリング) is a public Japanese multinational retail holding company.[3] In addition to its primary subsidiary Uniqlo, it owns several other brands, including J Brand, Comptoir des Cotonniers, GU, Princesse Tam-Tam, and Theory.

History

The company was founded as Men's Shop Ogori Shoji in 1949, and formally incorporated as Ogōri Shōji Co., Ltd. in 1963 by Hitoshi Yanai.[4]

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.

In September 1991, Ogori Shoji changed its name to Fast Retailing Co., Ltd., and was listed on the Hiroshima Stock Exchange in July 1994.[5]

In February 1999, it was listed on the first section (large companies) of the Tokyo Stock Exchange.[5]

The company also owns the American brand Theory; In 2004, Fast Retailing acquired "an equity stake in Link Theory Holdings Co., Ltd., the marketer of the Theory and Helmut Lang apparel brands".[6] 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.

In 2012, the company purchased an 80% stake of premium denim company J Brand for US$290000000, plus US$10000000 in advisory legal fees.[7]

Senior leadership

Chairman

  • 1) Hitoshi Yanai (1963–1984)
  • 2) Tadashi Yanai (1984–present)[8]

CEO

  • 1) Hitoshi Yanai (1963–1984)
  • 2) Tadashi Yanai (1984–present)[8]

President

  • 1) Hitoshi Yanai (1963–1984)
  • 2) Tadashi Yanai (1984–2002)[8]
  • 3) Tadashi Yanai (2005–present); second term[8]

External links

References

  1. Fast Retailing Results for Fiscal 2018 and Estimates for Fiscal 2019 (4,390KB) Fast Retailing Co., Ltd., retrieved November 28, 2018^
  2. Overview | FAST RETAILING CO., LTD Fast Retailing Co., Ltd., retrieved November 28, 2018^
  3. Kazuaki Nagata. Choice, chic, cheap — no one feels fleeced The Japan Times, 2009-11-17, retrieved 2024-08-12^
  4. How Japan's Uniqlo is defying recession BBC, 2009-04-09, retrieved 2024-08-12^
  5. Uniqlo Syndrome. Toyo Keizai Shinpo Sha. ISBN 4-492-76191-8 Tenkai Japan. ASIN: B004PYDPOK.^
  6. Fast Retailing Co Ltd^
  7. Shan Li. Fast Retailing buys majority stake in L.A. denim line J Brand LA Times^
  8. The man who clothes Asia: Uniqlo chief Tadashi Yanai Financial Times, 23 October 2020^