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Last Updated: 2015.09.01

Fast Retailing Launches a New Company, to Advance Digital Innovation

FAST RETAILING CO., LTD.
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Fast Retailing Co., Ltd. ("Fast Retailing") announces the launch today of Wearex Co., Ltd. ("Wearex"). After regulatory approval has been obtained, the company will operate as a joint venture with Accenture Japan Ltd. ("Accenture") in accordance with a joint venture agreement which was signed by both companies. The new company will be headquartered from Fast Retailing's Tokyo Head Office, in Tokyo Midtown, Roppongi.

With the launch, Fast Retailing plans to build its mobile and cloud technology capacity, to advance the digitization of its business and merge the in-store and virtual store experience for customers of its group brands. The new initiative aims to allow them to access and purchase products anywhere, anytime to realize an all new shopping experience.

Wearex also aims to actively hire and nurture the development of talented IT engineers, to advance digital innovation for consumers. The new company will initially launch with about fifty staff, focused on Japan and with a vision to expand worldwide.

URL:http://www.fastretailing.com/eng/group/other/wearex.html