Fast Retailing

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Fast Retailing Co., Ltd.
Native name ファーストリテイリング
Type Public
Traded as TYO: 9983
SEHK6288
Industry Retail
Founded
  • 1963 as Ogori Shoji Co., Ltd. (Ube, Yamaguchi, Japan)
  • 1984 as Fast Retailing Co., Ltd. (name change)
Founders Tadashi Yanai
Headquarters Yamaguchi, Yamaguchi, Japan
Area served Japan
Key people
Products Clothing, accessories
Revenue Increase ¥1,143 billion (FY2013)[1]
Operating income Increase ¥132 billion (FY2013)[1]
Net income Increase ¥90 billion (FY2013)[1]
Total assets Increase ¥885 billion (FY2013)[1]
Total equity Increase ¥579 billion (FY2013)[1]
Employees 23,982 (2013)[2]
Subsidiaries Uniqlo
Website www.fastretailing.com

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, Foot Park, g.u., Princess Tam-Tam, and National Standard.

History[edit]

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]

In November 2013, Fast Retailing appointed Nancy Pedot the new CEO of Comptoir des Cotonniers and Princess Tam Tam.[7]

See also[edit]

References[edit]

  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. ^ [dead link] "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. ^ Socha, Miles (6 November 2013). "Nancy Pedot Named CEO of Comptoir des Cotonniers". WWD. Retrieved 6 November 2013. 

External links[edit]