Fast Retailing
{{Short description|Japanese multinational retail holding company}}
{{Infobox company
| name = 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
| logo = FAST RETAILING logo.svg
| logo_size = 150px
| type = Public
| traded_as = {{tyo|9983}}
{{hkex|6288}}
TOPIX Large 70 Component
| ISIN = {{ISIN|JP3802300008|sl=n|pl=y}}
| founder = Hitoshi Yanai
| area_served = Worldwide
| key_people = {{ubl|Tadashi Yanai| (Chairman, president and CEO)}}
Shimpei Otani (CTO)
Makoto Hoketsu (CIO)
| industry = Retail
| products = Clothing, accessories
| revenue = {{increase}} ¥2,130 billion (FY2018){{cite web |url=https://www.fastretailing.com/eng/ir/library/pdf/20181011_results_en.pdf |title=Fast Retailing Results for Fiscal 2018 and Estimates for Fiscal 2019 (4,390KB) |publisher=Fast Retailing Co., Ltd. |access-date=November 28, 2018}}
| operating_income = {{increase}} ¥236 billion (FY2018)
| profit = {{increase}} ¥1,050 billion (FY2018)
| assets = {{increase}} ¥1,953 billion (FY2018)
| num_employees = 52,839 (2018){{cite web |url=http://www.fastretailing.com/eng/about/company/
|title=Overview | FAST RETAILING CO., LTD |publisher=Fast Retailing Co., Ltd. |access-date=November 28, 2018}}
| subsid = {{unbulleted list|Comptoir des Cotonniers|Helmut Lang|GU|J Brand|Princesse Tam-Tam|Theory|Uniqlo|
}}
| website = {{URL|https://www.fastretailing.com/eng}}
| founded = {{bulleted list
|1= As Men’s Shop Ogori Shoji: {{Start date and years ago|df=yes|1949|03}}
|2= As Fast Retailing: {{Start date and years ago|df=yes|1991|09}}
}}
| location_city = Yamaguchi, Yamaguchi Prefecture
| location_country = Japan
}}
{{Nihongo|Fast Retailing Co., Ltd.|株式会社ファーストリテイリング|Kabushikigaisha Fāsutoriteiringu|lead=true}} is a public Japanese multinational retail holding company.{{Cite web |last=Nagata |first=Kazuaki |date=2009-11-17 |title=Choice, chic, cheap — no one feels fleeced |url=https://www.japantimes.co.jp/news/2009/11/17/reference/choice-chic-cheap-no-one-feels-fleeced/ |access-date=2024-08-12 |website=The Japan Times |language=en}} 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.{{Cite news |date=2009-04-09 |title=How Japan's Uniqlo is defying recession |url=http://news.bbc.co.uk/2/hi/business/7992196.stm |access-date=2024-08-12 |work=BBC |language=en-GB}}
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.Uniqlo Syndrome. Toyo Keizai Shinpo Sha. {{ISBN|4-492-76191-8}} Tenkai Japan. ASIN: B004PYDPOK.
In February 1999, it was listed on the first section (large companies) of the Tokyo Stock Exchange.
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".{{Cite web |title=Fast Retailing Co Ltd |url=http://www.just-style.com/factsheet.aspx?ID=156/ |archive-url=https://web.archive.org/web/20160215102503/http://www.just-style.com/companies/fast-retailing-co-ltd_id156 |archive-date=February 15, 2016}} It acquired the rest of the company in 2009.
In 2007, it unsuccessfully offered a bid of {{currency|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 {{USD|290000000}}, plus {{USD|10000000}} in advisory legal fees.{{cite news|last=Li|first=Shan|title=Fast Retailing buys majority stake in L.A. denim line J Brand|url=https://www.latimes.com/business/la-xpm-2012-dec-03-la-fi-mo-j-brand-jeans-fast-retailing-20121203-story.html|newspaper=LA Times}}
{{Portal|Companies|Fashion|Japan}}
Senior leadership
= Chairman =
- Hitoshi Yanai (1963–1984)
- Tadashi Yanai (1984–present){{Cite news |title=The man who clothes Asia: Uniqlo chief Tadashi Yanai |url=https://www.ft.com/content/b8ec3aa1-32c5-4355-824a-8bf699d9aef3 |newspaper=Financial Times|date=23 October 2020 }}
= CEO =
= President =
References
{{Reflist}}
External links
- [http://www.fastretailing.com/eng/ English page]
- [http://www.fastretailing.com/jp/ Japanese page]
{{Fast Retailing}}
{{TOPIX 100}}
{{Nikkei 225}}
Category:Clothing retailers of Japan
Category:Companies based in Yamaguchi Prefecture
Category:Retail companies established in 1963
Category:Holding companies of Japan
Category:Companies listed on the Tokyo Stock Exchange
Category:Companies listed on the Hong Kong Stock Exchange
Category:Companies in the Nikkei 225