Fast Retailing Establishes J Brand Japan Co., Ltd. to Create and Develop the J Brand Business in Japan

Fast Retailing Establishes J Brand Japan Co., Ltd. to Create and Develop the J
                           Brand Business in Japan

PR Newswire

TOKYO, Aug. 5, 2013

TOKYO, Aug. 5, 2013 /PRNewswire/ -- Fast 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%
Operations: 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.

About J Brand and Fast Retailing

J Brand is part of the Fast Retailing Co., Ltd., a leading global Japanese
retail holding company that designs, manufactures and sells clothing under
seven main brands: Comptoir des Cotonniers, GU, Helmut Lang, J Brand,
Princesse tam.tam, Theory, and UNIQLO. Founded in 2004 by Mr. Jeff Rudes, J
Brand set out to create timeless, classic and sophisticated jeans with an
emphasis on fit and the inspiration to make a woman look and feel beautiful in
her jeans. In fall 2008, J Brand introduced a men's line, and in spring 2012,
J Brand introduced a women's Ready-to-Wear collection. Its products are sold
in over 2,000 specialty boutiques and luxury retailers in more than 20
countries worldwide.

With global sales of approximately 928 billion yen for the 2012 fiscal year
ending August 31, 2012, Fast Retailing is currently the world's fourth largest
apparel retail company. With a corporate statement committed to changing
clothes, changing, conventional wisdom and change the world, Fast Retailing is
dedicated to creating great clothing with new and unique value to enrich the
lives of people everywhere. For more information about Fast Retailing, please
visit www.fastretailing.com. For more information about J Brand, please visit
http://www.jbrandjeans.com/.

For media queries, please contact: Fast Retailing, Corporate PR Department
Aldo Liguori/Satsuki Shinnaka, Tokyo, Japan, Tel. +81 (0)3 6865 0960

SOURCE Fast Retailing Co., Ltd.

Website: http://www.jbrandjeans.com/
Website: http://www.fastretailing.com/
 
Press spacebar to pause and continue. Press esc to stop.