Retail in Asia

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Fast Retailing to open Uniqlo in Malaysia

Japan’s Fast Retailing Co. said last week it has set up a joint venture in Malaysia with local apparel retailer DNP Clothing as part of its plans to operate its Uniqlo casual clothing chain in the country.

A Fast Retailing spokesperson said the company plans to open its first Malaysian Uniqlo store before the end of this year.

Uniqlo is the leading clothing retail chain in Japan in terms of both sales and profits.

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(Source: The Wall Street Journal Online)