Japan’s Richest Man Loses $1.4 Billion in One Day
Japan’s richest man, Takashi Yanai lost $1.4 billion in 1 day after his company Fast Retailing which owns Uniqlo saw its shares decline by 6.7%. The founder of the company incurred the largest wealth decline amongst the world’s richest 500 people according to Bloomberg Billionaires Index. His net worth currently stands at $17.7 billion. The losses have caused him to slip six places down the global rich list to 44th.
“Japan’s richest man, Takashi Yanai lost $1.4 billion in 1 day after his company Fast Retailing which owns Uniqlo saw its shares decline by 6.7%”
The first Uniqlo store was opened in Hiroshima in 1984 and its has now expanded to 1,400 stores in 16 markets worldwide.
About Fast Retailing
Fast Retailing owns UNIQLO, GU, Theory, Comptoir des Cotonniers, Princesse tam.tam and J Brand. After opening our first UNIQLO store, in Japan in 1984, we built a chain of suburban roadside stores. In 1998, we began opening stores in urban locations and ran a fleece campaign that ignited a UNIQLO boom across Japan. Subsequently, we opened stores within prominent shopping malls, and also global flagship and hotspot stores in Ginza, Shinjuku and Osaka.
Visit: Fast Retailing
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