Home / Knowledge / News / Apparel/Garments / First Uniqlo store to open in Indonesia
First Uniqlo store to open in Indonesia
13
Feb '13
Fast Retailing Co., Ltd. and Mitsubishi Corporation have concluded an agreement to establish a joint venture company with the aim of developing UNIQLO's retail business in the Republic of Indonesia.

Ever since opening its first store in the Asia region in 2002, UNIQLO has launched retail operations in China, Hong Kong, Singapore, Taiwan, Malaysia, Thailand and the Philippines. As of end January 2013 the company has 338 UNIQLO stores in Asia. Mitsubishi Corporation began operating in Indonesia in 1954. Currently the company has investments in 43 different businesses in a number of industries, including energy, automobile and chemical.

Fast Retailing and Mitsubishi Corporation established a joint venture company in 2011 for the purpose of launching UNIQLO retail operations in Thailand. The UNIQLO business in Thailand has grown to 6 stores, as of the end of January 2013, and it is progressing according to plan.

Through the creation of the latest joint venture between Fast Retailing and Mitsubishi Corporation, the two companies will leverage their combined expertise to open the first UNIQLO store in Indonesia in summer 2013. The joint venture company aims to expand its business in this market and open more stores in the future.

The impact, if any, of this development on Fast Retailing's consolidated and nonconsolidated results for the fiscal year ending August 2013 is expected to be minimal.

Fast retailing

Must ReadView All

Apparel/Garments | On 29th Jun 2016

Bangladesh revises tax at source on RMG down to 0.7%

Following requests made by trade bodies, the Bangladesh government...

AEPC chairman Ashok G Rajani speaking at the press conference. Courtesy: AEPC

Apparel/Garments | On 29th Jun 2016

Apparel sector pledges Rs 623cr investment post package

The apparel sector is buoyant after the recent announcement of Rs...

Apparel/Garments | On 29th Jun 2016

India’s apparel exports may touch $20bn in FY17: CMAI

The value of clothing exports from India is likely to touch $20...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
june 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search