Home / Knowledge / News / Apparel/Garments / Mitsui Fudosan to expand Fast Retailing operations
Mitsui Fudosan to expand Fast Retailing operations
01
Sep '11
Fast Retailing Co., Ltd. (Chairman, President and CEO Tadashi Yanai) and Mitsui Fudosan Co., Ltd. (President and CEO Masanobu Komoda) have signed an agreement to form a business alliance to expand their operations in East Asia.

The agreement builds on the strong partnership that the two companies have formed over many years, which has led to the placement of UNIQLO stores in LaLaport locations and other Mitsui Fudosan development projects. With both companies planning to aggressively expand their respective business operations in East Asia, their partnership agreement is expected to further strengthen their ties with each other and produce synergies that will quickly drive the expansion of both companies' operations in East Asia.

Purpose of the agreement

The two companies signed the agreement with the following aims in mind:

• Fast Retailing hopes to accelerate the opening of its flagship UNIQLO brand stores across East Asia.
• Mitsui Fudosan hopes to accelerate the expansion of its retail property business in East Asia.

Main items of the agreement

The main items of the agreement are as follows:

• Mitsui Fudosan will share information with Fast Retailing about its development projects (urban, suburban and multi-purpose developments) in advance. The companies also plan to discuss the possibility of opening UNIQLO stores and to standardize store formats when Fast Retailing decides to open UNIQLO stores in Mitsui Fudosan developments.
• The two parties plan to share development plans for commercial complexes in East Asia, as well as information about real estate properties and other matters.

Fast Retailing Co., Ltd

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search