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.
Retail
Uniqlo sits on $10bn pile of cash -- with no plans for acquisitions
Instead, Fast Retailing seeks to open stores and increase online sales
Uniqlo operator Fast Retailing is now a 2.3 trillion yen business with stores all around the world. (Photo by Tsuyoshi Tamehiro)
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