Uso de cookies Utilizamos cookies propias y de terceros para mejorar nuestros servicios y mostrarle publicidad relacionada con sus preferencias mediante el análisis de sus hábitos de navegación. Si continúa navegando, consideramos que acepta su uso. Puede obtener más información sobre nuestra: Política de cookies

The global fashion business journal

17 Nov 201807:36

h Back Stage

Tadashi Yanai (Uniqlo): “The tract from Japan through China is the only growing center”

Fast Retailing’s chairman explained that this region, home to four billion people, “is the engine of the world and I’m assuming this is the biggest trend.”

25 Oct 2018 — 18:31
MDS
Share
Save

Tadashi Yanai (Uniqlo): “The tract from Japan through China is the potential only growing center”

 

 

Tadashi Yanai shares his thoughts on Uniqlo’s future. The founder and chairman of Fast Retailing, the retail chain parent company, explained that efforts now focus on growing in the Asian market. “It’s the potential only growing center and engine of the world; I’m assuming this is the biggest trend”, he told WWD.

 

Yanai pointed out that the tract from Japan through China is the potential only growing center, with four billion inhabitants, is one of the key areas for growth. Uniqlo’s chairman, who confirmed last April that he will leave his executive role in 2019, said in regard of his successor: “I need to pick a leader and making that decision will be one of my important works.”

 

Fast Retailing has over forty executive directors, two of which are children of Yanai, although the executive already ruled out that either of them is his successor. In parallel, Yanai also spoke about the impact of technology on the company and the initiatives it’s carrying out.

 

 

 

 

The Japanese group has recently partnered with Google to work on big data. In addition, the group has also signed an agreement with logistics company Daifuku to automate all its warehouses.

 

Yanai also commented the union between Uniqlo and Alenxander Wang. Despite the collaboration, he has denied any investment in the US company. “Unless there is a tremendous cultural fit, I don’t think I’ll be willing to move ahead for any other acquisitions for the time being,”

 

Fast Retailing ended last fiscal year (concluded on August 31) with a 14.4% growth to 2.13 trillion yen (16.4 billion euros) and a net profit of 154.8 billion yen (426.6 million euros), up 29.8%. The company owns and operates with retail chains like Uniqlo, Comptoir des Cotonniers and J Brand, among others.

 

Advertising
Comment
Share
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...