Last Updated: 2013.08.05
Fast Retailing Establishes J Brand Japan Co., Ltd. To Create and Develop the J Brand Business in JapanFast Retailing Co., Ltd. today announces plans to establish J Brand Japan Co., Ltd., a new subsidiary company to create and develop the J Brand business in Japan.
Details of the new subsidiary company are as follows:
1. Objective of the new subsidiary:
The new subsidiary company, J Brand Japan Co., Ltd, which is fully-owned by Fast Retailing Co., Ltd., will be tasked with creating the J Brand operations in Japan. In December 2012 Fast Retailing Co., Ltd. acquired majority control of J Brand Holdings, LLC (hereinafter "J Brand"). With its global headquarters in Los Angeles, California, J Brand is a leading contemporary fashion company with significant experience in women's and men's apparel, particularly in the premium denim category.
2. Outline for the subsidiary:
Company name | : | J Brand Japan Co., Ltd. | |||
Representative | : | Makoto Hata, Fast Retailing Group Senior Vice President | |||
Paid-in capital | : | 10 million yen | |||
Shareholder composition | : | Fast Retailing Co. Ltd. 100% | |||
Operation | : | Direct sales, through the opening and managing of J Brand stores, as well as sales and distribution of products through select retailers | |||
Establishment date | : | September, 2013 (Planned) | |||
Initial timeframe for commencing J Brand operations in Japan | : | Fall, 2013 (Planned) |
3. Forecast:
The establishment of J Brand Japan Co., Ltd. will not have any impact on the quarterly or full year financial results for the fiscal year ending August 2013. The establishment of J Brand Japan Co., Ltd. is expected to have minimal impact on the quarterly and full year financial results for the fiscal year ending August 2014.
distributed by |