Home / Knowledge / News / Apparel/Garments / MC to develop casual apparel brand UNIQLO
MC to develop casual apparel brand UNIQLO
07
Apr '11
Fast Retailing Co., Ltd. (FR) and Mitsubishi Corporation (MC) have concluded an agreement to establish a joint venture with a view to developing UNIQLO's business in Thailand.

Since expanding into Asia in 2002, UNIQLO, a brand of the FR Group, has since expanded its network of stores to China, Hong Kong, Singapore, Malaysia and Taiwan. Through February 2011 UNIQLO was operating 132 stores across the region. MC has been developing a wide range of businesses in Thailand since 1954 and has invested in approximately 100 companies in many fields including those of machinery, metals and food.

Through the establishment of this joint venture, both companies will leverage their combined expertise to launch the first UNIQLO Thailand store in the fall of 2011, and to subsequently develop more stores in the country.

FAST RETAILING CO LTD. and its mainstay UNIQLO operation continue to enjoy growth by offering high-quality casual wear at reasonable prices. We have done this by establishing a SPA manufacturer/retailer business model that enables us to control all stages of the supply process--from product design to the procurement of materials, quality control, inventory adjustments and end sales.

Business name : UNIQLO (THAILAND) COMPANY LIMITED
Location : Bangkok, Thailand
Representative : Naoki Otoma (Group Executive Vice President of Fast Retailing Co., Ltd. and UNIQLO Co., Ltd.)
Paid-in capital : 300 million Thai Baht (approximately 800 million yen)
Investment partners and capital contribution : FR Group75.0% MC25.0%
Date of establishment : June 2011
Business : Sales of UNIQLO brand casual apparel in Thailand

Fast Retailing Co Ltd


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Eric Scholler
Groz-Beckert

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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