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Fast Retailing Co Ltd to Establish Joint Venture with Mitsubishi Corp; to Open Store in Indonesia

Tuesday, 12 Feb 2013 06:45pm EST 

Fast Retailing Co Ltd announced that it has decided to establish an Indonesia-based joint venture named PT. FAST RETAILING INDONESIA, which will be engaged in the sale of UNIQLO casual clothes in Indonesia, with Mitsubishi Corp. Fast Retailing and Mitsubishi Corp will each hold a 75% and 25% stake in the joint venture. Through the joint venture, Fast Retailing plans to open its first UNIQLO store in Indonesia in summer 2013. 

Company Quote

-285.0 -0.62%
26 Dec 2014