MYANMAR: Fast Retailing considers garment unit
The company is planning to have a business partner in the country. "We're considering because the partner has, or is planning to have, a factory there," the spokesperson said.
The Fast Retailing spokesperson could not confirm the name of the supplier or business partners.
The move follows the EU's announcement to suspend sanctions against Myanmar for a year, to welcome and encourage the ongoing reform process in the country.
Last month, EU High representative for Foreign Affairs and Security Policy, Catherine Ashton, said: "The European Union welcomes the remarkable changes in Burma/Myanmar and has decided to open a new chapter in our relations. Now that the sanctions will be effectively suspended, we encourage trade and investment in the country."
Faced with continuing challenging trading conditions in 2012, retailers responded with a number of different strategies to try to grow their businesses. International expansion, new and larger format ...
Among the industry executives who spoke with just-style this year were Ranjan Mahtani, CEO of Epic Group; Henry Tan, CEO of Luen Thai Holdings; Andrew Lo, CEO of Crystal Group; and Marks & Spencer's K...
Fast Retailing's low priced clothing retailer G.U. plans to reduce the proportion of product it sources from China. ...
South Korean apparel conglomerate E-Land Group has set its sights on annual sales of KRW10tn (US$9.32bn) in China by 2016, according to local press reports....
Fashion retailer H&M Hennes & Mauritz is set to launch a clothing recycling scheme which will encourage consumers to hand in used garments at H&M stores worldwide to be reused or recycled....
Fast Retailing, which operates the Uniqlo brand, is to acquire a majority stake in fashion firm J Brand as it looks to strengthen its position in the US....
- Cotton supply chain transparency an ongoing issue
- What does supply chain mapping really mean?
- Supply chain takeaways from Sourcing at MAGIC
- No simple way to be sustainable, says SAC CEO
- Overcapacity in China could reshape fibre markets
- Nike and Crystal Group "doing well by doing good"
- Li & Fung eyes supply chain speed in 3-year plan
- Cambodia’s focus on garment production also a risk
- C&A helps grow organic cotton production in China
- US Q2 in brief - G-III Apparel, A&F, Sears
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras