Fast Retailing said it plans to establish a new company, J Brand Japan Co. Ltd.
J Brand Japan would be operated as a subsidiary owned by Fast Retailing for the purposes of creating and developing the J Brand business in Japan.
Fast Retailing in December 2012 acquired majority control of J Brand Holdings. It acquired an 80.1 percent stake in the Los Angeles-based denim and fashion brand from Star Avenue Capital and J Brand management for $290 million plus $10 million in advisory fees.
Fast Retailing is the corporate parent of Uniqlo.