Home / Knowledge / News / Fashion / FR & Daiei to smart up new clothing brand

FR & Daiei to smart up new clothing brand

Jan '06
Casual wear offering firm FAST RETAILING CO LTD (FR) is proud to announce its decision to establish a new casual clothing brand. At its extraordinary board meeting held on January 26, 2006, the FR Directors determined to sign a business agreement with The Daiei Inc for the express purpose of developing the new brand.

The Daiei Inc run by President and COO Yasuyuki Higuchi, is based in Kobe, Hyogo Prefecture. Details of the business tie up can be found below.

1. Reason for business tie up
For some time now, FAST RETAILING has been studying the possibility of developing another brand to compliment its current mainstay UNIQLO brand. And now we have decided to apply the years of expertise gained through our UNIQLO operation to establish and market a new, cheaper brand of casual clothes.

With this aim in mind, we have also decided to enter into a business tie up with Daiei to help us in the development of the new brand. And we have now concluded the basic document for this agreement. FAST RETAILNG aims to further increase the corporate value of its business group through the development of this new brand.

2. Outline of new brand and The Daiei Inc business agreement
FAST RETAILING plans to begin managing the new brand from the autumn of this year. We hope to nurture and mold the new brand into one that will attract a diverse group of loyal customers from children to adults. We aim to manage the entire process from design through production and retail of the new brand.

Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jan 2022

Singapore, Bangladesh agree to conclude FTA early

Bangladesh and Singapore have agreed to accelerate the process of...

Pic: Airlines IATA

Textiles | On 18th Jan 2022

Supply chain disruptions stall global cargo growth in Nov 2021: IATA

Data for global air cargo markets have revealed slower growth in...

Pic: Shutterstock

Textiles | On 18th Jan 2022

Philippine garment-textile industry seeks govt support to protect jobs

The Clothing and Textile Industry Tripartite Council (CTITC) in the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Madison Maxey, Loomia

Madison Maxey

Loomia designs and manufactures soft circuit systems that can be produced...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Alison Hayes Romania
International Textile Manufacturers Federation
J ;& P Coats
Truetzschler India Private Limited
Helly Hansen Far East Ltd
OVS Hong Kong Sourcing Ltd.
C;&A Sourcing International Ltd
Tommy Hilfiger
Sainsbury's Argos Asia Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Phong Phu international JSC (PPJ)
Brandix Lanka Limited
Grasim Industries Limited

January 2022

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

Advanced Search