Japanese clothing group Fast Retailing, owner of the Uniqlo brand, bought an 80% share in favorite denim brand J Brand.
Fast Retailing also owns several “affordable luxury” brands including Theory and Comptoir des Cotonniers.
“Fast Retailing is committed to continuing its expansion in the contemporary marketplace and believes that J Brand is a synergistic addition to our existing brands, and like those brands, we see them as a global multi-channel opportunity,” said Andrew Rosen, chief executive of Theory.
Fast Retailing is trying to expand internationally and the acquisition of J Brand gives the company major credibility in the U.S. And Fast Retailing will help J Brand's popularity continue to grow. Over the past few years, J Brand has become one of the fashion world's favorite denim brand and counts Kate Middleton, Angelina Jolie and Kristen Stewart as fans.
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