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Fast Retailing plans Hong Kong listing

Uniqlo parent Fast Retailing is on track for its secondary listing in Hong Kong.

The Japanese apparel retailer has signed Morgan Stanley to lead its IPO in Hong Kong in the first quarter of next year.

Fast Retailing is already listed in Tokyo and competes with global retailers like H&M of Sweden, Inditex of Spain and Gap of the US.

Should the IPO become successful, Fast Retailing will be the third Japanese company to list in Hong Kong after conglomerate SBI Holdings and pachinko operator Dynam Japan Holdings.

The company, which also operates brands Comptoir des Cotonniers, Pincesse Tam.tam, GU and J Brand, has 225 stores in China, 18 in Hong Kong and seven in the US.

Fast Retailing aims to become the largest apparel retailer globally by 2020.

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