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 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Priyanka
Studio Priyanka Rajiv

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

Mohammad Hassan
Biax Fiberfilm

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

Larry L Kinn
Suominen Corporation

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

Steve Cole
Xerium Technologies

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

Silvia Venturini Fendi
Fendi s.r.l

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

Rupa Sood and Sharan Apparao
Nayaab

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
February 2017

February 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