TOKYO—Uniqlo is broadening its Asian presence to yet another country: Malaysia.
This story first appeared in the July 1, 2010 issue of WWD. Subscribe Today.
Uniqlo’s corporate parent Fast Retailing Co. Ltd. said Tuesday it has formed a joint venture with DNP Clothing Sdn Bhd to open and operate stores in the Southeast Asian nation.
Uniqlo is shooting to open its first store in the country this fall or winter, a spokeswoman said. She added that it is too soon to estimate how many more stores the brand will roll out in Malaysia.
Fast Retailing owns 55 percent of the joint venture while DNP Clothing controls 45 percent.
Uniqlo is ramping up its presence in Asia. The fast-fashion brand, which is known for its affordable basics and fabric innovations, will open its first store in Taiwan sometime this fall. Its existing retail network includes stores in Hong Kong, Mainland China, South Korea and Singapore.