Japan's Fast Retailing seeks acquisition targets

02/12/2010 | Wall Street Journal, The

Tadashi Yanai, chairman and CEO of Fast Retailing, said the company is searching for acquisitions and may invest up to $11 billion to bolster its international footprint. "For a company like ours, it's not unusual to spend 1 trillion yen [about $11 billion] or more," he said. "We could grow organically, but it would take a long time. It's like getting married; we need to find the ideal bride for us."

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