TOKYO -- Fast Retailing has accrued 1.12 trillion yen ($10.1 billion) in cash holdings, more than tripling its stockpile in five years, but the Uniqlo operator does not plan to spend money on acquisitions.
The clothing giant prides itself on being a disrupter. But now an established giant in the apparel industry, it faces the risk of becoming yet another Japanese company under fire for hoarding funds at the expense of capital efficiency, straying from the vision of its founder.
