Billionaire Uniqlo founder wants a woman to succeed him

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Billionaire Uniqlo founder wants a woman to succeed him
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TOKYO (BLOOMBERG) - Tadashi Yanai, Fast Retailing Co's 70-year-old billionaire founder, said he would prefer to be succeeded by a woman, which would be better for Asia's largest retailer.. Read more at straitstimes.com.

TOKYO - Tadashi Yanai, Fast Retailing Co's 70-year-old billionaire founder, said he would prefer to be succeeded by a woman, which would be better for Asia's largest retailer.

Yanai said he wants to increase the ratio of female senior executives to more than half the total. Fast Retailing currently has six women in such roles, after hitting its goal last year of having more than 30 per cent of women in management positions. EXPANDING OVERSEAS Any successor to Yanai would inherit one of Japan's more recognisable global brands, after Fast Retailing fought off domestic doldrums by expanding Uniqlo overseas. Revenue has grown consistently, surpassing two trillion yen in 2018, mainly through new stores in foreign markets from China to the US.

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