Last Updated: 2010.07.13
FAST RETAILING CO., LTD. to Establish a Subsidiary to Pursue Social Business Opportunities in the People's Republic of Bangladesh
FAST RETAILING CO., LTD.
to Japanese
FAST RETAILING CO., LTD. will establish a new wholly-owned subsidiary in September 2010 in order to launch a social business in the People's Republic of Bangladesh. Details regarding the new company are outlined below.
1. Objective of the subsidiary
To help solve social problems, including those related to poverty, sanitation and education issues, in Bangladesh through the planning, production and sale of clothing.
2. Overview of the subsidiary
Business name : | UNIQLO Social Business Bangladesh, Ltd. |
Location : | Dhaka, the People's Republic of Bangladesh |
Board members : | Yukihiro Nitta, Managing Director (FAST RETAILING CO., LTD. CSR Director) |
Yuji Kaneko, Chairman (UNIQLO CO., LTD. Bangladesh Office General Manager) | |
Tadashi Yanai, Director (FAST RETAILING CO., LTD. President, CEO, and Chairman of the Board) | |
Primary business : | Clothing production management and retail in Bangladesh |
Paid-in capital : | 600,000 USD (approximately 54 million JPY) |
Investment partners and contributions : | FAST RETAILING CO., LTD 100% |