Uniqlo’s Parent Company In Talks to Buy J.Crew
On Broadway in New York City, Uniqlo and J.Crew stand a mere two blocks away from each other, often visited in the same Saturday shopping trip. Both entities maintain a certain rapport with consumers, each accessible shopping destinations with an interesting selection of essentials. This is no doubt encouraged by partnerships with the likes of NIGO, Public School, Michael Bastian and even Nike on each account. With this in mind, Fast Retailing, Uniqlo’s parent company, looks to house both brands under the same umbrella in the coming quarters. The deal, first reported by Business Insider, could cost Fast Retailing in the range of $5 billion USD, but that price seems a steal given the cultural impact of both companies in the U.S. and abroad. Be sure to check back here for more news as this story unfolds.