Uniqlo to buy the Gap?
Amy Odell of NY Mag reports that Uniqlo owner Tadashi Yanai might buy the Gap:
Yanai is trying to turn Fast Retailing into the biggest clothing manufacturer and retailer in the world. The easiest way for him to do this by targeting the U.S. market is not to open a million new Uniqlo stores — that would be too much of a pain. So he plans to take a shortcut and simply buy a large chain. Insiders speculate that Gap is that chain.
[hat tip to Marxy]
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Categories: General Japan