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 multinational retail holding company.[3]
 | |
Native name | 株式会社ファーストリテイリング |
|---|---|
| Company type | Public |
| TYO: 9983 SEHK: 6288 TOPIX Large 70 Component | |
| Industry | Retail |
| Founded |
|
| Founder | Hitoshi Yanai |
| Headquarters | , Japan |
Area served | Worldwide |
Key people |
Shimpei Otani (CTO) Makoto Hoketsu (CIO) |
| Products | Clothing, accessories |
| Revenue |  ¥2,130 billion (FY2018)[1] |
| ¥236 billion (FY2018)[1] | |
| ¥1,050 billion (FY2018)[1] | |
| Total assets | ¥1,953 billion (FY2018)[1] |
Number of employees | 52,839 (2018)[2] |
| Subsidiaries |
|
| Website | www |
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
editThe 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.[5]
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; Fast Retailing acquired "an equity stake in Link Theory Holdings Co Ltd, the marketer of the Theory and Helmut Lang apparel brands, in 2004".[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$290 million and US$10 million in advisory legal fees.[7]
Senior leadership
editChairman
edit- Hitoshi Yanai (1963–1984)
- Tadashi Yanai (1984–present)[8]
CEO
edit- Hitoshi Yanai (1963–1984)
- Tadashi Yanai (1984–present)[8]
President
editReferences
edit- ^ a b c d "Fast Retailing Results for Fiscal 2018 and Estimates for Fiscal 2019 (4,390KB)" (PDF). Fast Retailing Co., Ltd. Retrieved November 28, 2018.
- ^ "Overview | FAST RETAILING CO., LTD". Fast Retailing Co., Ltd. Retrieved November 28, 2018.
- ^ Nagata, Kazuaki (2009-11-17). "Choice, chic, cheap — no one feels fleeced". The Japan Times. Retrieved 2024-08-12.
- ^ "How Japan's Uniqlo is defying recession". BBC. 2009-04-09. Retrieved 2024-08-12.
- ^ a b c Uniqlo Syndrome. Toyo Keizai Shinpo Sha. ISBN 4-492-76191-8 Tenkai Japan. ASIN: B004PYDPOK.
- ^ "Fast Retailing Co Ltd". Archived from the original on February 15, 2016.
- ^ Li, Shan. "Fast Retailing buys majority stake in L.A. denim line J Brand". LA Times.
- ^ a b c d "The man who clothes Asia: Uniqlo chief Tadashi Yanai". Financial Times. 23 October 2020.