Fast Re­tail­ing an­nounces in­vest­ment in Le­maire

Apparel Online - - International Retail -

Ja­pan’s re­tail pow­er­house and most fa­mously the owner of Uniqlo, Fast Re­tail­ing is strength­en­ing its French con­nec­tion with Christophe Le­maire. The con­glom­er­ate is ac­quir­ing a mi­nor­ity stake in the Parisian brand Le­maire that is code­signed by Christophe and SarahLinh Tran. The fi­nan­cial de­tails of the agree­ment have not been re­vealed as of yet but along with the ac­qui­si­tion, Fast Re­tail­ing also an­nounced that Christophe Le­maire is go­ing to be head­ing Uniqlo’s

Paris R&D Cen­tre for an­other five years. His re­newed con­tract will mean that Le­maire will con­tinue de­sign­ing the Uniqlo U-line and per­haps will keep con­tribut­ing ideas to the de­sign of the re­tail’s cen­tral as­sort­ment. Tadashi Yanai, CEO, Fast Re­tail­ing that owns other pop­u­lar fash­ion brands like The­ory and Hel­mut Lang, told the press, “I am pleased to deepen our part­ner­ship with Le­maire even more. I hope that our new level of in­volve­ment will help to fa­cil­i­tate fur­ther growth and development of the brand Le­maire.” Le­maire posted US $ 12 mil­lion in rev­enues in 2017 and ex­pected pro­jec­tions for the la­bel are at US $ 14 mil­lion in 2018. The la­bel sells con­tem­po­rary wom­enswear and menswear in a ra­tio of 75:25 per cent and is priced mostly un­der the US $ 1,000 tag which is much lesser than sim­i­lar com­peti­tors Loewe and Ce­line. Yuki Kat­suta, Head of Uniqlo R&D and Group Of­fi­cer of the par­ent com­pany added, “With this ex­tended part­ner­ship, we are able to ben­e­fit from Christophe’s knowl­edge re­gard­ing ap­parel de­sign and cre­ative tal­ents. And his wide net­work in the in­dus­try will help us se­cure cre­ative tal­ents in the fu­ture.”

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