Japanese fashion retailer opens in China and US
Uniqlo fashion owner Fast Retailing is to open its first stores in the US this month and will re-open a UK store on September 16 as it gears up for global expansion.

It plans to spend up to ¥ 400 billion (£2 billion) on merger and acquisitions over the next three years as part of its growth strategy.

Fast Retailing has a majority of voting rights in the French clothing manufacturer Nelson Finances, which owns Comptoir des Cotonniers, a French casual clothing brand. Fast Retailing is planning to open the casual clothing brand stores in Japan from spring of next year.

The company said it will open the doors of three Uniqlo casual clothing stores in New Jersey later this month and in October. It will open the first US store on September 15 and will re-open a remodelled store in Regent Street, London on September 16.

The retailer will also open the first store in Hong Kong on September 30. Last Saturday it opened two Uniqlo stores in Beijing.

The company says it will invest ¥ 300 billion to ¥ 400 billion (£14.9 million to£2 billion) on mergers and acquisitions activities to hook up with fashion-related companies capable of conducting operations on a global basis.

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