Uniqlo’s sister brand GU aiming to take on markets in US, Europe

Building its presence abroad is part of Fast Retailing founder Tadashi Yanai’s push to “become a true global player.” — Bloomberg

TOKYO: Fast Retailing Co, home of the Uniqlo brand, wants to ramp up the presence of its other fashion label GU in the United States and Europe, as Asia’s largest apparel maker accelerates efforts to become a global retailer with 10 trillion yen (US$66.6bil) in annual sales.

“GU has the same potential as Uniqlo,” chief financial officer (CFO) Takeshi Okazaki said in an interview. “We can generate as many GU stores as there are Uniqlo ones.”