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Fashion brand Uniqlo applies for retail license in India
28 Nov 17 1 min read
Japanese fashion brand Uniqlo has applied for license to the government of India to carry out retail business in the country. Seeking license for single brand retail stores, the apparel brand of retail holding firm Fast Retailing Co., Ltd., has submitted its proposal to the department of industrial policy and promotion, according to the department's website.
The company was interested in doing business in India since a long time now. At present, the transaction is possible either via online or through regular outlets in the country.
“Fast Retailing believes India is a market with great potential, and can confirm that the company has taken the first step towards a later introduction of Uniqlo to customers in India. At the moment, we are awaiting word from the government, and we will be able to discuss potential future steps at a later date,” a leading Indian daily said quoting a spokesperson of Fast Retailing in Tokyo. (RR)
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Fibre2Fashion News Desk – India
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