When Uniqlo announced its entry into the Philippines recently at Hotel InterContinental in Makati, Japanese Embassy officials were in full force-and understandably so.
The clothing chain is one of Japan's biggest exports today and is owned by Japan's richest (or second richest, depending on who you ask) man. It claims to be the world's fastest-growing apparel retailer.
Uniqlo's parent company, Fast Retailing Inc., has partnered with the Sy family's SM Retail Inc. to form Fast Retailing Phils. Inc.
Uniqlo's first Philippine store opens in June at SM Mall of Asia. The shop, to cover 1,500 sq m, will carry the men's, women's and children's lines. (inquirer.net)
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