Biography Uniqlo Parent Company Sells Fast And E.Land Wants To Merge J.Crew

Less than P, people familiar with the matter said that negotiations between J.CrewGroupInc. and FastRetailingCo.Ltd. (9983.T) fast selling group began to warm up this week, but they are still in the initial stage and may fail.

And E.LandGroup < a href= "http://www.91se91.com/news/index_c.asp" > attachment group < /a > is negotiating with potential partners to compete for J.CrewGroupInc..

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< p > as of this month, TPG and LeonardGreen have held J.CrewGroupInc. for three and a half years, reaching the average holding time limit of private equity fund for 3-5 years.

At the end of last year, TPG and LeonardGreen were ready to sell J.CrewGroupInc. or sell IPO as a whole (initial public offering).

Although the sale has triggered many interests, TPG and LeonardGreen have yet to decide on the time and way to quit J.CrewGroupInc..

Last week, Bloomberg quoted news that J.CrewGroupInc. was looking for the bank to prepare for IPO later this year, and the news revealed that the bank was GoldmanSachsGroupInc (NYSE:GS) Goldman Sachs.

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< p > it is reported that TadashiYanai, chairman, President and chief executive officer of FastRetailingCo.Ltd. (9983.T) fast marketing group, has always appreciated the management concept of J.CrewGroupInc. Mickey and Drexler, chairman and CEO of J.CrewGroupInc., and Millard "Mickey" Drexler, who was chief executive of the United States in the past 1995-2002 years, has been the research object of Ryui Masa.

During the period of Millard "Mickey" Drexler, the annual sales of GapInc. (NYSE:GPS) GAPP sold two times more than $4 billion 400 million to $14 billion 500 million, and the group's most successful single sales model inspired Ryui Masa to change his mind and reform the Uniqlo UNIQLO market. In 2013, Ryui Masa discussed with the bank about the possibility of acquiring GapInc. (NYSE:GPS).

GapInc. (NYSE:GPS) Cape's current market value is close to US $20 billion, and the market value of FastRetailingCo.Ltd. (9983.T) XXX group is 3 trillion and 570 billion yen, or about 35 billion 70 million US dollars.

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The pursuit of J.CrewGroupInc. (< p > FastRetailingCo.Ltd. (9983.T) < a href= "http://www.91se91.com/news/index_c.asp" > fast marketing group /a > will accelerate the ambition of the largest Asian clothing retailer to become the United States and even the global retail giant.

Ryui Masa hopes that the group will achieve an annual sales of 5 trillion yen (US $49 billion) by 2020, and surpass the Zara and parent company InditexSA (ITX.MC) and Hennes&MauritzAB (HMb.ST) of the world's first and second largest clothing retailers.

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< p > according to the relevant data, FastRetailingCo.Ltd. (9983.T) XXX group's revenue increased by 23.1% to 11 thousand and 400 yen (US $12 billion 650 million) in the 2013 fiscal year ended August 31, 2013, and net profit increased 26.1% to 90 billion 380 million yen (US $1 billion).

Group flagship brand Uniqlo UNIQLO has 1277 stores in Asia, of which 67% (856) are in the Japanese base camp, but local sales growth slows down, forcing the group to focus on the global market. Ryui Masa disclosed plans to buy us or European competitors in 2011.

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< p > at present, the expansion of Uniqlo UNIQLO in other Asian markets has been rapid and successful. However, the way of the brand's entry into the United States is not smooth. In 2006, it was stationed in the us a href= "http://www.91se91.com/news/index_c.asp" > shopping center < /a >, but only a year later, the strategy failed.

Now the group hopes to make a comeback in the United States. Although the number of stores in Uniqlo UNIQLO is only 17, it has set up 20-30 new stores a year, reaching 100 stores and 10 billion US dollars per year by 2020.

For this reason, Uniqlo UNIQLO is willing to abandon the concept of "MadeforAll" which has been used to speed up localization and cater to the consumption needs of different markets. For example, recently, the brand decided to supply more "3-Dfit" products in the United States in order to please the larger mass consumers.

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< p > 2012, FastRetailingCo.Ltd. (9983.T) XXX group bought us senior Cowboy brand J.Brand80.1% equity for us $290 million. The group's brands also include HelmutLang, Theory, Princessetam-tam, GU, ComptoirdesCotoniers and PLST, but such small brands obviously can not satisfy their big appetite.

J.CrewGroupInc., which has 451 stores and $2 billion 428 million annual sales, will help FastRetailingCo.Ltd. (9983.T) fast sell group to achieve these ambitious goals.

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< p > J.CrewGroupInc. in the 2013 fiscal year ended February 1, 2014, the revenue growth rate reached 9%, and the same store sales grew 4% year-round. The annual net profit is expected to be $8800-8900, and the adjusted EBITDA profit before depreciation and amortization will be between 3.69-3.71 billion dollars.

J.CrewGroupInc.'s physical network has penetrated the North American market and expanded to Hongkong and Britain in 2012, and its e-commerce is serving customers in over 100 countries and regions worldwide.

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AdventInternationalCorp., P, which also intends to acquire J.CrewGroupInc., has owned high-end Yoga suit retailer LululemonAthleticaInc. (NASDAQ:LULU) and successfully launched it into the open market in 2007.

The private-equity fund also bought the US apparel retail brand CharlotteRusseInc. in 2009 for $304 million and plans to promote its listing this year.

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