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%”
~Bloomberg
The first Uniqlo store was opened in Hiroshima in 1984 and its has now expanded to 1,400 stores in 16 markets worldwide.
Related Reports: The Independent, Bloomberg
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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