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United Kingdom

Daifuku Co Ltd (6383.T)

6383.T on Tokyo Stock Exchange

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Tue, Oct 9 2018

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Uniqlo owner Fast Retailing to invest $885 million in warehouse automation

TOKYO Japan's Fast Retailing , the owner of popular clothing retail chain Uniqlo, said it would expand its partnership with logistics firm Daifuku and invest 100 billion yen (676.1 million pounds) to automate its warehouse and distribution system.

UPDATE 1-Uniqlo owner Fast Retailing to invest $885 mln in warehouse automation

* Automation cuts warehouse staff by 90 pct -company (Recasts, adds comments from news conference)

Uniqlo-owner Fast Retailing teams up with logistics firm Daifuku

TOKYO, Oct 9 Fast Retailing, which operates the popular Japanese clothing retailer Uniqlo, said on Tuesday it was teaming up with logistics company Daifuku Co in a global strategic partnership aimed at delivering products faster to customers.

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