Fast Retailing

Fast Retailing Co., Ltd. (株式会社ファーストリテイリング, Kabushiki Kaisha Fāsuto Riteiringu) is a public Japanese multinational retail holding company.

Fast Retailing Co., Ltd.
Native name
株式会社ファーストリテイリング
TypePublic
TYO: 9983
SEHK: 6288
TOPIX Large 70 Component
IndustryRetail
Founded
  • As Men’s Shop Ogori Shoji March 1949 (1949-03)
  • As Fast Retailing September 1991 (1991-09)
  • 1963 as Ogori Shoji Co., Ltd. (Ube, Yamaguchi, Japan)
  • 1991 as Fast Retailing Co., Ltd. (name change)
FounderHitoshi Yanai
Headquarters
Yamaguchi, Yamaguchi
,
Japan
Area served
Worldwide
Key people

Shimpei Otani (CTO)
Makoto Hoketsu (CIO)
ProductsClothing, accessories
RevenueIncrease ¥2,130 billion (FY2018)[1]
Increase ¥236 billion (FY2018)[1]
Increase ¥1,050 billion (FY2018)[1]
Total assetsIncrease ¥1,953 billion (FY2018)[1]
Number of employees
52,839 (2018)[2]
Subsidiaries
Websitewww.fastretailing.com/eng

In addition to its primary subsidiary Uniqlo, it owns several other brands, including J Brand, Comptoir des Cotonniers, GU, Princesse Tam-Tam, and Theory.

History

The company was founded as Men's Shop Ogori Shoji in 1949, and formally incorporated as Ogōri Shōji Co., Ltd. in 1963 by Hitoshi Yanai.

In 1984, the company, which ran a menswear store in Ube, Yamaguchi, opened a new casual-wear store named Unique Clothing Warehouse in Hiroshima City; this was the forebear of Uniqlo.[3]

In September 1991, Ogori Shoji changed its name to Fast Retailing Co., Ltd., and was listed on the Hiroshima Stock Exchange in July 1994.[3]

In February 1999, it was listed on the first section (large companies) of the Tokyo Stock Exchange.[3]

The company also owns the American brand Theory; Fast Retailing acquired "an equity stake in Link Theory Holdings Co Ltd, the marketer of the Theory and Helmut Lang apparel brands, in 2004".[4] It acquired the rest of the company in 2009.

In 2007, it unsuccessfully offered a bid of US$900 million for Barneys New York department store to the Jones Apparel Group.

In 2012, the company purchased an 80% stake of premium denim company J Brand for US$290 million and US$10 million in advisory legal fees.[5]

Senior leadership

Chairman
  1. Hitoshi Yanai (1963–1984)
  2. Tadashi Yanai (1984–present)[6]

CEO
  1. Hitoshi Yanai (1963–1984)
  2. Tadashi Yanai (1984–present)[6]

President
  1. Hitoshi Yanai (1963–1984)
  2. Tadashi Yanai (1984–2002)[6]
  3. Genichi Tamatsuka (2002–2005)[6]
  4. Tadashi Yanai (2005–present); second term[6]

References
  1. "Fast Retailing Results for Fiscal 2018 and Estimates for Fiscal 2019 (4,390KB)" (PDF). Fast Retailing Co., Ltd. Retrieved November 28, 2018.
  2. "Overview | FAST RETAILING CO., LTD". Fast Retailing Co., Ltd. Retrieved November 28, 2018.
  3. Uniqlo Syndrome. Toyo Keizai Shinpo Sha. ISBN 4-492-76191-8 Tenkai Japan. ASIN: B004PYDPOK.
  4. "Apparel and textile industry factsheets".
  5. Li, Shan. "Fast Retailing buys majority stake in L.A. denim line J Brand". LA Times.
  6. "The man who clothes Asia: Uniqlo chief Tadashi Yanai". Financial Times. 23 October 2020.
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