From West to East: Recentering the Fashion World | This Week in Fashion, BoF Professional
On Tuesday, Uniqlo’s Japanese parent company Fast Retailing became the world’s most valuable fashion business by market capitalisation, surpassing Spain’s Inditex, owner of fast-fashion megabrand Zara.
While Fast Retailing remains in third place in revenue terms, behind both Inditex and Sweden’s H&M, investors are clearly bullish on the future of the Japanese giant, which ended the week with a market value of 11.11 trillion yen ($105 billion), ahead of Inditex’s €80.78 billion ($98 billion).
Fast Retailing’s share price has risen steadily since August, driven by several factors. For a start, casualwear giant Uniqlo, which accounts for more than 83 percent