Uniqlo's Billionaire Founder Tadashi Yanai Receives The Malcolm S. Forbes Lifetime Achievement Award [Forbes]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
Forbes “Over his remarkable career, Tadashi Yanai reshaped global apparel and redefined how clothing companies operate,” said Steve Forbes, chairman and editor-in-chief of Forbes Media, as he presented the award to Yanai. “From a single menswear shop in Japan, he built Fast Retailing, parent of clothing brand Uniqlo, into one of the world's leading apparel retailers, known for its simplicity, quality and affordability.” In 1972, Yanai took over the men's clothing business that his father had founded in Yamaguchi prefecture at the western tip of Japan's main island. Over a decade later he opened a standalone store in Hiroshima called “Unique Clothing Warehouse” for casual wear, eventually shortening the name to Uniqlo as he transformed the company into a global retail empire. “It is a great honor and pride for me to receive the Malcolm S. Forbes Lifetime Achievement Award,” Yanai, 76, said. “It has been the symbol of success in the global business world.” In conversation with
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