UNIQLO Leisure Fashion Chain Plans To Stay In Bangladesh
In July 14th, it owned
Uniqlo
Japan's fast sale group, a casual fashion chain, said on Tuesday that the company would plan to set up clothing companies in Bangladesh, hoping to help the poor local poor create jobs and provide cheap and beautiful clothes on the ground.
Grameen Bank, a microfinance professional institution, will have a 1% stake in the joint venture.
The new company will officially start in October.
XXX group already has production base locally.
The group said the company would be bought in Bangladesh.
Material manufacturing
Clothing is sold to the poor at the right price.
The group plans to create 250 jobs in one year, and 1500 in three years.
Grameen Bank is one of the founders of microfinance, led by Nobel Peace Prize winner Mohamed Yunus in 2006.
XXX group's share price rose 1.3% to 12730 yen, which is better than the overall level of Nikkei stock market.
Supplement:
Japan's largest Uniqlo UNIQLO
Apparel Retailing
Brand Fast Retailing announces that all managers who require the brand to adopt English in meetings and document writing.
All employees in the brand reach at least 700 points in the international communication English test (TOEIC), which is a global recognized indicator of English proficiency.
All staff in Uniqlo chain stores must always be trained in English communication skills, which is a vital part of the brand new language strategy.
"This move is essential for a Japanese company that wants to grow all over the world," said Tadashi Yanai, the brand's chief executive, in an interview with Mainichi newspaper.
"The goal of Fast Retailing brand is to become the largest fashion retailer in the world in 2020.
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