>>
Home / Knowledge / News / Apparel/Garments / Basic agreement on biz integration among FR Japan apparel firms

Basic agreement on biz integration among FR Japan apparel firms

03
Apr '08
FAST RETAILING CO LTD decided at its board of directors meeting held today to consider a business merger between three of its consolidated subsidiaries G.U. CO LTD, ONEZONE CORPORATION, and VIEWCOMPANY CO LTD. These three companies signed a basic agreement today, the aim of which is to start discussion to integrate business and merge management operations.

Overview and aim of business integration and merger
FAST RETAILING CO LTD has infused the operational knowledge and experience derived from its UNIQLO clothing business in an effort to boost profitability at the three subsidiary firms. However, we judged that it would be difficult to deal with the deterioration in performance at each firm individually, and we are now of the opinion that a more fundamental restructuring of operations is required.

The fundamental objective here is for FAST RETAILING to take a leading role in fully utilizing the management resources of the Group including the UNIQLO operation, and to advance the establishment of a footwear operation and a low price casual clothing operation that can offer the customer fresh value. To that aim, we have decided to open discussion on the possibilities for realizing such operations with FAST RETAILING as the driving force. At the same time, we will also consider the integration of business and merger of management functions among the Group's three subsidiaries that are currently developing footwear and low-cost casual clothing. In accordance with this decision, those three companies signed a basic agreement dated today to start discussion to integrate their businesses and merge their management functions.


Must ReadView All

Pic: White House

Textiles | On 23rd May 2022

President Biden, 12 Indo-Pacific partners launch IPEF in Tokyo

US President Joe Biden along with a dozen initial partners—India,...

Pic: Shutterstock

Textiles | On 23rd May 2022

UK & Mexico begin negotiations on modern trade deal

UK and Mexico have launched negotiations on a new UK-Mexico Free...

Pic: Shutterstock

Textiles | On 23rd May 2022

Turkiye, UAE sign preliminary deal to boost trade, business

UAE federal export credit agency Etihad Credit Insurance (ECI)...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Ankur Bhatia,

Ankur Bhatia

Columbia Sportswear Company connects active people with their passions...

Stan Jewell,

Stan Jewell

Founded in 1921, Renfro Brands is a leading designer, manufacturer, and...

Alissa Sandra Baier-Lentz & Billy McCall,

Alissa Sandra Baier-Lentz & Billy McCall

New York-based Kintra Fibers has developed a proprietary bio-based and...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Najla  & Cynthia Burt, Label - Dur Doux

Najla & Cynthia Burt
Label - Dur Doux

Renowned Washington DC based mother-daughter designer duo Najla and...

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

Leave your Comments

ESTEEMED CLIENTS

NITI Aayog
Haelixa AG
Sateri (Jiujiang) Fiber Co.,Ltd
VNU Exhibitions Asia
International Textile Manufacturers Federation
Sportswear Company Spa
GHCL LIMITED
GIOVANNI BOZZETTO S.p.A.
International Sourcing Expo Australia
Rayonese Textile Inc., Division de Culp Inc.
Lenzing Aktiengesellschaft - India
Chori Company Limited
Lisa S.P.A.
USTER
Rieter India Private Limited
Officina Meccanica Dora Enrico Srl
The Top Form Brassiere Manufacturing Company Limited
IDH – The Sustainable Trade Initiative
Lottmann Communications
Thermore (Far East) Ltd.
Color Service s.r.l.
BTSR International S.P.A.
Stahl Holdings B.V.,
Asos
Karl Mayer Textilmaschinenfabrik GmbH
IIGM Private Limited
UBM China (Shanghai)
Tommy Hilfiger
Shanghai  Aige Exhibition Service Co., Ltd
The LYCRA Company Singapore  Pte. Ltd
Tuyap Tum Fuarcilik Yapim A.S.
GERBER TECHNOLOGY LTD.
TESTEX AG, Swiss Textile Testing Institute
Under Armour Global Sourcing Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Varner AS Retail
Hirdaramani International Export Private Limited
Lacoste (Wanchai)
Phong Phu international JSC (PPJ)
Benetton Group
Gloria Jeans
John Varvatos
Datacolor AG Europe
Grasim Industries Limited
SHAHI Exports Pvt Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Brückner Trockentechnik GmbH & Co. KG
Woolmark Services India Pvt. Ltd.
APLF Limited
Walmart
Babyshop
Guess Europe Sagl,
FULGAR SpA
Vardhman Textile Ltd
Mesdan SPA
Sainsbury's Argos Asia Limited
Amazon China
Messe Duesseldorf
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Mayer & Cie. GmbH & Co. KG
Calvin Klein
Tory Burch Hong Kong Ltd
ZAITEX spa
Page Industries Limited (Bangalore)
Datatex Consulting Srl
Brandix Lanka Limited
BRINKMANN GMBH
Lenzing Aktiengesellschaft
Decathlon
Arvind Limited
Italian Trade Commission
Jindal Worldwide Limited
Palexpo SA
China World International Exhibition Company Limited
Marzoli Machines Textile s.r.l.
Xtema - Thomas Lebherz Textilmaschinen
Aleph Srl
TEXVALLEY MARKET LIMITED
Truetzschler India Private Limited
Huntsman (Singapore) Pte Ltd
Saurer Textile Solutions Pvt. Ltd.
Etam Group Strategy Hong Kong Limited
Meera Dyestuff Industries
Vianney Textil Hogar S.A. De C.V.
G.A.S. unternehmenskommunikation gmbh
Recron Polyester from Reliance Industries Limited
BIMBA ;& LOLA SL
TESCO INTERNATIONAL SOURCING LIMITED
Tradewind International Servicing
Lifestyle
OVS Hong Kong Sourcing Ltd.
Puma
Taiwan Textile Federation (TTF)
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
COTTON COUNCIL INTERNATIONAL
JES MEDIA, INC
Maceton Limited
Nandan Denim Limited
BTC Textiles LLC
Desigual - ABASIC, S.A.
Sportmaster Ltd.
Restoque S.A.
KIABI
ITMA Services Pte Ltd
Gap International Sourcing Limited
K AND D ITMACH EXPOSITIONS LLP
Hela Clothing Pvt Ltd
Nihalani Events Management
IFF Media Ag - International Media Services
KAS Direct Sourcing
CSGIA(China Screen Printing & Graphic Imaging Association)
Savio Macchine Tessili S.P.A.
Alix Partners
Indofil Industries Limited - Specialty & Performance Chemicals Division
Landmark Group
Splash
H. Stoll AG & Company KG
BIANCA
Gokaldas Exports Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Target Corporation (MN)
G-Star Raw C.V.
Coats Digital Limited
Alison Hayes Romania
DuPont de Nemours, Inc.,
DyStar India Pvt. Ltd
Aquarelle Clothing Limited
Pt. Peraga Nusantara Jaya Sakti
THE BOMBAY DYEING ;& MFG.CO. LTD
CGS Inc.
Seasalt Limited
EMBEE CORPORATION
Groz-Beckert East Asia LLP
IKEA of Sweden AB
Zydex Industries
Thai Acrylic Fibre Company Limited
X-Rite Asia Pacific Limited (HK)
N9 World Technologies Private Limited
Cat Tuong Real Estate Group Joint Stock Company
Messe Frankfurt Exhibition GmbH
Inter Expo Center Ltd.
Bluesign Technologies Ag
Zünd Systemtechnik AG
LC Waikiki
Itema Weaving (India) Private Limited
Eastman Chemical Company
Reiter India Private Limited
Recron Polyester from Reliance Industries Limited
Centric Software
Green Fibre
Infor (Hong Kong) Limited
Boardriders Asia Sourcing Limited
Eurofins BLC Leather Technology Centre Ltd
Kern – Liebers Textile
EUROVET ASIA LTD
J ;& P Coats
EPCH
Thai Trade Center
Performance Days
The LYCRA Company Singapore  Pte. Ltd
Helly Hansen Far East Ltd
Dow Silicones Corporation
FESPA (Reigate)
Indo Tex
Kornit Digital Asia Pacific Ltd
Midas Clothing Limited
Colours India Inc
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Istanbul Fuarcilik A.S.
Jiangsu Yingyang Nonwoven Machinery Company Limited
Abit
Lululemon Athletica Inc
Shima Seiki Mfg. Ltd.
Flainox S.r.l.
Newtech Textile Technology Development (Shanghai) Company Limited
PVH Corporation
Lectra Technologies India Pvt Ltd.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Chico’ FAS
Comasia Limited
Equinox Impex India
Applied DNA Sciences Inc
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Bluestem Global Sourcing Limited
Tchibo GmbH
SYNERGIES HONG KONG LIMITED
Gatsby Africa
Groz-Beckert KG
Copenhagen Fashion Summit
TÜYAP IHTISAS FUARLARI A.S.
Loris Bellini S.r.l.
T.T. Limited
Esprit Europe Services GmbH
NV Michel Van de Wiele
C;&A Sourcing International Ltd
Aramark Uniform ;& Career Apparel, LLC
Weitmann & Konrad GmbH & Co. KG
Rosset ;& Cia Limited

May 2022

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


Advanced Search