Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 31 August 2018, 08:46 HKT/SGT
Share:
    

Source: Mitsubishi Corporation
Mitsubishi Corporation Announces Partnership with Fast Retailing to Develop UNIQLO Retail Business in Vietnam

TOKYO, Aug 31, 2018 - (JCN Newswire) - Mitsubishi Corporation (MC) has partnered with Fast Retailing Co., Ltd. to launch and develop UNIQLO's retail business in the Republic of Vietnam from Fall, 2019.

The companies will launch the business together by opening the first UNIQLO store in Ho Chi Minh City, establishing the UNIQLO brand in the country's most populous city before considering other areas. Recruiting of local talent will commence immediately in preparation for the opening of the first UNIQLO store in one of Southeast Asia's most exciting, high-growth economies.

Fast Retailing Co., Ltd opened its first UNIQLO store in Singapore in 2009, signaling the start of its business in the Southeast Asia and Oceania region. UNIQLO then launched retail operations in Malaysia, Thailand, the Philippines, Indonesia, and Australia. As of the end of May 2018, the company has 193 UNIQLO stores in the Southeast Asia and Oceania region.

MC began operating in Vietnam in 1955 and the company has been expanding its businesses in a wide range of industries, including automobiles and industrial machinery.

Vietnam will be the fourth country in which Fast Retailing and MC have established a joint venture company(1) following Thailand in 2011, Indonesia in 2013, and Russia in 2017. In these countries, UNIQLO's business has grown to 39 stores in Thailand, 18 stores in Indonesia, and 29 stores in Russia as of the end of May 2018.

Joint Venture Overview
Company name: UNIQLO VIETNAM CO., LTD.
Location: Ho Chi Minh, Republic of Vietnam
Representative: Satoshi Hatase, Fast Retailing Group Senior Vice President
Capital contribution(1): Fast Retailing (Singapore) PTE. LTD. - 75%; Mitsubishi Corporation - 25%

(1) Pending company registration final approval.


Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705 


Topic: Press release summary
Source: Mitsubishi Corporation

Sectors: Fashion & Apparel
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://www.linkedin.com/company/mitsubishi-corporation/

Mitsubishi Corporation
Apr 4, 2025 08:04 HKT/SGT
Mitsubishi Corporation Announces Corporate Strategy 2027
Apr 1, 2025 13:16 HKT/SGT
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City
Mar 28, 2025 15:29 HKT/SGT
Mitsubishi Corporation, ADM Sign Non-Binding MOU, Form Strategic Alliance
Mar 26, 2025 13:31 HKT/SGT
Start of Joint Study on Integrated Power and Data Center Business in Ohgishima area in Keihin District
Mar 13, 2025 12:26 HKT/SGT
Hokkaido Electric Power Corporation and Mitsubishi Corporation Establish a Joint Venture "Hokkaido Renewable Energy Aggregation Co., Ltd."
Feb 24, 2025 11:30 HKT/SGT
Mitsubishi and ENEOS to conduct Front End Engineering Design for Sustainable Aviation Fuel (SAF) Production at the Wakayama Refinery
Feb 21, 2025 14:01 HKT/SGT
Mitsubishi Logistics Corporation, Mitsubishi Corporation, and Yourstand Inc. Advancing Completely CO2-Free Electrification of Pharmaceutical Transportation
Feb 17, 2025 13:10 HKT/SGT
Launch of Joint Demonstration Experiment of Remote Provision of GPU Computing Power
Jan 17, 2025 13:35 HKT/SGT
Mitsubishi Corporation and JOGMEC Announce Investment in eFuels provider Infinium
Nov 15, 2024 11:32 HKT/SGT
Resorttrust Group and Mitsubishi Corporation Launch Joint Study in Medical Tourism
More news >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: