Home / Knowledge / News / Apparel/Garments / Fast Retailing to open first UNIQLO store in Australia
Fast Retailing to open first UNIQLO store in Australia
19
Sep '12
Fast Retailing Co., Ltd. announces that it has decided to establish a subsidiary company in Australia, the details of which are as follows.

1. Objective of the new subsidiary:

The subsidiary, fully-owned by Fast Retailing Co., Ltd., will be tasked with creating and developing UNIQLO operations in Australia.

2. Tentative outline for the Australian subsidiary:

- Business Name           : UNIQLO AUSTRALIA PTY LTD
- Location                         : Melbourne, Australia
- Representatives           : Mr. Shoichi Miyasaka
- To be established        : December 2012
- Operations                     : The opening and managing of UNIQLO stores in Australia
- Paid-in capital               : 1 Australian dollar

3. Initial timeframe for commencing UNIQLO operations in Australia:

Following the successful establishment of the new subsidiary, the company aims to open the first UNIQLO store in Australia by the end of August 2014.

4. Impact of subsidiary establishment on group performance:

The impact of establishing the Australian subsidiary on Fast Retailing's consolidated and non-consolidated performance for the year ending August 2013 is expected to be minimal.

Uniqlo is a Japanese clothing retailer founded in 1984. They specialise in (whatever they claim their business objective is) and offer products such as 'down jackets' and fine merino knitwear.

Fast Retailing Co. Ltd.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search