2011/01/06
Fast Retailing Co., operator of the Uniqlo casual clothing chain, will set up overseas bases for leadership training in line with its international expansion strategy.
About 200 senior company officials selected from around the world will undergo training.
In a speech on the company's strategy for 2011, Tadashi Yanai, president and chairman of Fast Retailing, told employees the bases will be set up in Shanghai, Singapore, Paris and New York.
One or more are expected to open this year. The company has already opened a center for management training in Tokyo and is offering programs with Hitotsubashi University Graduate School.
It plans to cooperate with local universities and research institutes in operating overseas training facilities.
Fast Retailing aims to record 1 trillion yen ($12.2 billion) in sales each in Japan, China, other Asian countries, the United States and Europe in 10 years.
Yanai has said the company will groom senior managers around the world to achieve high-level performances globally.
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