Fast Retailing
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Public KK | |
Traded as |
TYO: 9983 SEHK: 6288 |
Industry | Retail |
Founded |
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Founder | Tadashi Yanai |
Headquarters | Yamaguchi, Yamaguchi, Japan |
Area served | Worldwide |
Key people |
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Products | Clothing, accessories |
Revenue |
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Profit |
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Total assets |
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Total equity |
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Number of employees | 41,646 (2015)[2] |
Subsidiaries |
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Website |
fastretailing |
Fast Retailing Co., Ltd. (株式会社ファーストリテイリング Kabushiki Kaisha 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., Princesse Tam-Tam, and Theory.
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]
See also
References
- 1 2 3 4 5 "5 years Financial Summary | FAST RETAILING CO., LTD". Fast Retailing Co., Ltd. Retrieved March 30, 2014.
- ↑ "Overview | FAST RETAILING CO., LTD". Fast Retailing Co., Ltd. Retrieved March 8, 2016.
- 1 2 3 Uniqlo Syndrome. Toyo Keizai Shinpo Sha. ISBN 4-492-76191-8 Tenkai Japan. ASIN: B004PYDPOK.
- ↑ "Apparel and textile industry factsheets".
- ↑ "Fast Retailing of Japan Makes Offer of $900 Million To Buy Barneys". International Herald Tribune.
- ↑ Li, Shan. "Fast Retailing buys majority stake in L.A. denim line J Brand". LA Times.