Fast Retailing Explained

Fast Retailing Co., Ltd.
Native Name:株式会社ファーストリテイリング
Native Name Lang:ja
Romanized Name:Kabushikigaisha Fāsutoriteiringu
Type:Public
Traded As:
HKEX:
TOPIX Large 70 Component
Founder:Hitoshi Yanai
Area Served:Worldwide
Key People:
Shimpei Otani (CTO)
Makoto Hoketsu (CIO)
Industry:Retail
Products:Clothing, accessories
Revenue: ¥2,130 billion (FY2018)[1]
Operating Income: ¥236 billion (FY2018)
Profit: ¥1,050 billion (FY2018)
Assets: ¥1,953 billion (FY2018)
Num Employees:52,839 (2018)[2]
Location City:Yamaguchi, Yamaguchi Prefecture
Location Country:Japan

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 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, plus 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)

President

  1. Hitoshi Yanai (1963–1984)
  2. Tadashi Yanai (1984–2002)
  3. Tadashi Yanai (2005–present); second term

External links

Notes and References

  1. Web site: Fast Retailing Results for Fiscal 2018 and Estimates for Fiscal 2019 (4,390KB) . Fast Retailing Co., Ltd. . November 28, 2018.
  2. Web site: Overview | FAST RETAILING CO., LTD . Fast Retailing Co., Ltd. . November 28, 2018.
  3. Web site: Nagata . Kazuaki . 2009-11-17 . Choice, chic, cheap — no one feels fleeced . 2024-08-12 . The Japan Times . en.
  4. News: 2009-04-09 . How Japan's Uniqlo is defying recession . 2024-08-12 . . en-GB.
  5. Uniqlo Syndrome. Toyo Keizai Shinpo Sha. Tenkai Japan. ASIN: B004PYDPOK.
  6. Web site: Fast Retailing Co Ltd . https://web.archive.org/web/20160215102503/http://www.just-style.com/companies/fast-retailing-co-ltd_id156 . February 15, 2016.
  7. News: Li. Shan. Fast Retailing buys majority stake in L.A. denim line J Brand. LA Times.
  8. News: The man who clothes Asia: Uniqlo chief Tadashi Yanai . Financial Times. 23 October 2020 .