April 20, 2024
Retail & Consumer
Fast Retailing’s GU launches first Korean store
[THE INVESTOR] Fast Retailing, which owns Japan’s fast fashion brand Uniqlo, opened the first Korean store of its budget brand GU on Sept. 14 as the company moves to expand the presence of the smaller brand in the global market.
The company said 40 “GU advisors” will work at the 1,388-square-meter outlet at Lotte World Mall in eastern Seoul to provide styling services to customers.
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“I am truly glad that our long-cherished dream of opening a store in Korea has finally come true. We will continue to strive to put down roots in Korea and become a brand loved by Korean customers,” Osako Hirofumi, GU Business Director in Korea, said in a statement.
Launched in 2006, GU has 370 stores in Japan and 19 outlets in China, Hong Kong and Taiwan.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
