HOME > Investor Relations > IR News > FAST RETAILING establishes subsidiary to develop new apparel brand in Japan

IR News

Last Updated: 2006.03.15

FAST RETAILING establishes subsidiary to develop new apparel brand in Japan

 PDF ( 54KB )

  At it’s board meeting on March 15, 2006, FAST RETAILING CO., LTD. decided to set up a fully owned subsidiary tasked with developing its new casual clothing brand.

1. Company name:   G.U. CO., LTD.

2. Location:    
    Kitanomaru Square,13-12,Kudan-kita 1-chome, Chiyoda-ku, Tokyo, Japan

3. Business representative:
    Shuichi Nakajima (currently a Senior Vice President at FAST RETAILING)

4. Capital:   ¥450mln

5. Business year end:   End August

6. Shareholders:   A fully owned subsidiary of FAST RETAILING CO., LTD.

7. Business areas:
     We are aiming to make the subsidiary a true SPA firm that is involved in the whole
   process of design through manufacture of a full range of garments from outer to inner wear.
   The casual wear brand should appeal to and attract a loyal customer across a wide age
   range spanning children through adults.

8. Date of establishment :   March 2006 (tentative)

9. Commencement of operations at new brand:  Autumn 2006 (tentative)

10. Impact on FAST RETAILING business performance:
        Since operations on the new brand are scheduled to start in the autumn, namely on or
    after September 1, 2006, we do not envisage any impact on our consolidated results
    for the year through August 2006. We will however issue a separate release if anything
    happens to change this current stance.

※ Please refer to our news release of January 28, 2006 entitled “FAST RETAILING and The Daiei, Inc. to cooperate on new brand launch” which details the background behind our decision to establish a new casual clothes brand.