Japanese Retailer Uniqlo May Enter India Through Arvind
by Paritosh Gajjar
In a move that will facilitate Indian citizens to flash Japanese brand, Uniqlo, the foreign retailing giant is set to start shop in India by partnering with well established retailer @Arvind_Limited, says TOI.
The financial details of the potential equity JV remain unknown.
Uniqlo, as a contraction of "unique clothing", is parented by Fast Retailing Co., Japan’s largest apparel retailer. It has around 845 stores in Japan and 292 shops elsewhere, including the Singapore, the U.K and the U.S.
Along with the merger of Shasun Pharmaceutical with itself, Strides Arcolab also announced the induction of a strategic partner in its greenfield biotech project, Stelis Biopharma. As per the deal GMS Holding will pick up 25.1%s stake in the biotech arm infusing $8.5Mn.
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