Fast Retailing says to invest up to $3.5 bln in M&A

TOKYO, Sept 4 (Reuters) - Japanese casual-clothing retailer Fast Retailing Co Ltd (9983.T: Quote, Profile, Research, Stock Buzz) said it planned to invest 300-400 billion yen ($2.6-3.5 billion) in mergers and acquisitions to help it roughly double sales to 1 trillion yen by 2010. Fast Retailing, which operates more than 700 Uniqlo stores in Japan, said it would aim for a recurring profit of 150 billion yen in 2010, about double its forecast for the business year ended in August.

((Reporting by Aiko Hayashi; Reuters Messaging: aiko.hayashi.reuters.com@reuters.net; +81-5473-3714; aiko.hayashi@reuters.com)) Keywords: FASTRETAILING/

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