Uniqlo’s Tadashi Yanai plans to retire
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Tadashi Yanai, the founder and president of Uniqlo parent Fast Retailing, has indicated he plans to retire.
He is seeking a successor in the next two years.
Under Yanai’s supervision, the original Uniqlo in western Japan was transformed from a small shop into the world’s third-largest apparel brand in one generation.
With a Bachelor’s degree in economics and political science, Yanai started in business in 1971 selling kitchenware and men’s clothing at a supermarket.
A year later he quit to join his father’s roadside tailor shop, and launched Uniqlo in Hiroshima in 1984. He changed the name of his father’s company, Ogori Shoji, to Fast Retailing in 1991.
The 68-year-old has a net worth estimated at US$15.1 billion.
Questions & Answers
Q.When does Tadashi Yanai plan to step down from his role?
When does Tadashi Yanai plan to step down from his role?
Tadashi Yanai is planning to retire within the next two years. He is actively looking for a successor to take over his position at Fast Retailing, Uniqlo's parent company.
Q.What was the name of Tadashi Yanai's father's business?
What was the name of Tadashi Yanai's father's business?
Tadashi Yanai's father owned a roadside tailor shop. The company's original name was Ogori Shoji, which Yanai later changed to Fast Retailing in 1991.
Q.How old is Tadashi Yanai?
How old is Tadashi Yanai?
Tadashi Yanai is 68 years old. He has overseen the growth of Uniqlo from a small shop in western Japan to become the world's third-largest apparel brand.
Q.Where did Tadashi Yanai open the first Uniqlo store?
Where did Tadashi Yanai open the first Uniqlo store?
Tadashi Yanai launched the first Uniqlo store in Hiroshima in 1984. This was after he joined his father's roadside tailor shop a year prior.
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