Fast Retailing, Seven & I mull partnership
Two of Japan’s largest retail businesses are eyeing a “comprehensive business alliance” according to Japanese news reports.
A strategic relationship currently under discussion could see a range of mutually beneficial co-operations spanning physical stores and eCommerce.
Details are still sketchy, but according to news reports, Fast Retailing, the parent of Uniqlo, could work with Seven & I, parent of 7-Eleven convenience stores and the Ito-Yokado supermarket chain, on areas including product design, house brands, marketing and distribution.
Uniqlo may use 7-Eleven stores as collection points for online purchases.
The two companies may also launch a joint venture clothing brand outside the Uniqlo network.
To date, that’s as much information as has leaked out.