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Fast Retailing casts eye beyond apparel

TOKYO -- Fast Retailing, the world's fourth-largest clothing retailer, wants to grow bigger. For that, it is casting its net overseas. It is also looking to create a new retail business model and take on major global brands regardless of product category.

Fast Retailing Chairman Tadashi Yanai has talked about taking on global heavyweights like Apple and Disney.

     "It could be Nestle, Disney or Apple," Tadashi Yanai, chairman, president and chief executive of Fast Retailing, said in June during a news conference in Tokyo to announce a tie-up with Accenture, the world's leading consultancy. "All brands all around the world will be our competitors from now on."

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