Fast Retailing Gains in Hong Kong Debut, Aims For Bigger China Profile

on March 5 2014 | in Daily Headlines Trending | by | with No Comments

Uniqlo owner Fast Retailing Co Ltd climbed 7 percent in its Hong Kong trading debut — a listing aimed at raising its profile in China where it plans to expand aggressively as part of its bid to become the world’s top clothing firm.

Aspiring to become the world’s leading apparel retailer by 2020, Japan’s Fast Retailing is planning to triple its number of stores in Greater China to 1,000 by that time — one of the most ambitious plans for China mapped out by a global clothing firm.

China is Uniqlo’s second biggest market after Japan, and by number of stores it is the largest global apparel brand in the country ahead of Hennes & Mauritz (H&M), Inditex S.A.’s Zara, and Gap Inc.

Read more at Business of Fashion.

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