Fast Retailing Co, the apparel retailer headed by Japan’s richest man, will open its first Uniqlo branded store in Indonesia by June and plans to add 10 outlets in three years to tap an expanding middle class.
Pedestrians walk past Fast Retailing Co.'s Uniqlo store in the Ginza district of Tokyo, Japan, on Oct 7, 2009. The brand will open it's first store in Jakarta in June. (Photo: Tomohiro Ohsumi/Bloomberg)
The new Jakarta store will be among Uniqlo’s five largest in Asia after South Korea, Taiwan, Hong Kong and Singapore, Naoki Otoma, Fast Retailing’s group executive vice president, said in an interview in Jakarta yesterday.