Fast Retailing Co. Chief Executive Officer Tadashi Yanai is leaving SoftBank Group Corp.'s board after more than 18 years as one of the few directors with the heft to challenge Masayoshi Son. Yanai, Japan's richest man, will step down on Tuesday, according to a SoftBank ...
Uniqlo operator partners with U.N. agency in bid to improve working conditions in Asia
Fast Retailing Co. said Wednesday it is partnering with the U.N.'s International Labour Organization to improve conditions for workers in Asia, in its latest push to ensure labor protection in countries where social security systems are underdeveloped. The operator of Uniqlo casual clothing stores will ...
Billionaire Uniqlo founder Tadashi Yanai wants a woman to succeed him
Tadashi Yanai, Fast Retailing Co.’s 70-year-old billionaire founder, said he would prefer to be succeeded by a woman, adding it would be better for Asia’s largest retailer. "The job is more suitable for a woman," Yanai, the chief executive officer behind clothing giant Uniqlo, said ...
Asia's megarich took a $137 billion hit in the pocketbook in 2018
The world's fastest growing source of megawealth hit a speed bump this year. The 128 people in Asia with enough money to crack the 500-member Bloomberg Billionaires Index lost a combined $137 billion in 2018, the first time wealth in the region has dropped since ...
Carlos Ghosn's arrest spurs debate on executive salaries in Japan
On Dec. 10, Masaaki Tanaka, former vice president of Mitsubishi UFJ Financial Group, told a news conference he would step down as president and CEO of Japan Investment Corp., an entity set up by the government in September to develop new industries through capital ...
Uniqlo operator Fast Retailing nominates founder Tadashi Yanai's two sons to board
Fast Retailing Co. nominated its billionaire founder's two sons to the board of the Uniqlo operator, but their father insists neither is slated to take over his post, at least for now. After Asia's largest clothing retailer announced the nomination of Kazumi and Koji Yanai, ...
On Tokyo trip, tennis star Roger Federer says he's focusing on future with new sponsor Uniqlo
Roger Federer said on Tuesday in Tokyo that his decision to end a 20-year association with Nike and embark on a new chapter with Uniqlo was influenced by the Japanese clothing company's commitment to stay with him long after his playing days are over. While ...
Uniqlo finds success abroad, downplays trade war risk
Fast Retailing Co. shares climbed the most since January on signs that the retailer's steady expansion in overseas markets, now headlined by the face of Roger Federer, is bearing fruit even in the face of risks from an escalating trade dispute. The Uniqlo operator drew ...
Japan's apparel giant Uniqlo to make foray into India in 2019
Global apparel retailer Uniqlo Co. will enter the Indian market in fall 2019, signaling its strong resolve to penetrate Asia's third-largest economy as part of a global campaign. Announcing the establishment of its wholly owned subsidiary Uniqlo India Pvt. Ltd. on Wednesday, Uniqlo said it ...
With his U.S. scholarships for Japanese students, tycoon Tadashi Yanai could do better
Tycoon's fund is accused of giving help to those who don't need it when it could instead be altering more destinies.
Fast Retailing Co. President Tadashi Yanai says Asia key to making firm global industry leader
Tadashi Yanai — head of the clothing giant Fast Retailing Co., which runs the popular Uniqlo casual wear brand — may be in the later stages of his career as a business manager, but he has no plans to take it easy. The 68-year-old, who ...
Uniqlo won't sell through Amazon, seeking tie-ups with other companies in U.S.
The head of Fast Retailing Co. on Tuesday ruled out the possibility of the Uniqlo chain selling its casual wear through the online retail giant Amazon.com. Speaking to journalists in New York, CEO and President Tadashi Yanai said its subsidiary will sell through its own ...
