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....
- TPP: now the real fight starts
- Private label sourcing faces range of pressures
- Can Gap maintain its momentum minus Larsson?
- What clothing could the TPP X-basket contain?
- Where next for e-textiles and smart garments?
- Update: Negotiators agree landmark TPP trade deal
- H&M falling behind on Bangladesh factory safety?
- Nike debuts new fabric for adaptive breathability
- New Bangladesh labour rules draw union criticism
- World cotton trade seen stable in 2015/16
- Wearable technology: The future market potential for smart garments and e-textiles
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Outdoor performance apparel: peaks, valleys, and green fields
- Ethiopia – the emerging textile and clothing industry