Fast Retailing to segment UNIQLO-brand casual wear unit

26 Aug '05

3 min read

Furthermore, we also feel that it is vital for us to expand our brand into overseas markets and expand our business reach into broader retail-related areas. We have several such challenges directly ahead of us including the opening of our first stores in the US, South Korea and Hong Kong in the autumn.

Ensuring a clear distinction between each member company will enable us to accurately monitor the profitability and management responsibilities of any one project or firm. We also envisage situations where speedy decisions may be required regarding business tie-ups, management integrations or capital injections. Again, subject to endorsement from our shareholders, we feel that the above-mentioned corporate division and shift to a holding company structure will ease and facilitate a more effective and flexible management style.

FAST RETAILING CO LTD will become a holding company, subject to approval from an extraordinary general meeting of shareholders scheduled September 22, 2005, The new holding company will be responsible for determining overall group strategy, allocating management resources and planning investment projects.

Uniqlo is a modern Japanese company which continuously provides fashionable, high quality, basic casual wear at the lowest prices in the market - casual wear that anybody can wear whenever and wherever.

FAST RETAILING

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