Fast Retailing (TYO:9983, HKG:6288) will open a store in Hong Kong fusing its Uniqlo and GU brands in December, The Standard reported Friday.
The store will be located at the retail area of Kai Tak Sports Park, the report said.
Uniqlo also plans to rejig its operating model in Hong Kong in response to market demand, The Standard said. It will open two refurbished stores in Tsuen Wan and Quarry Bay, and open a third one in Macau, the report said.
Shares rose 1% in Hong Kong and fell 1% in Tokyo during recent trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price (HKD): $44050.00, Change: $-470, Percent Change: -1.06%
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