Market value of UNIQLO parent company exceeds Zara parent company.
On February 16, the stock price of UNIQLO's parent company, fast retailing group, rose 3%. While breaking the 100 thousand yen mark for the first time, its total market value surpassed INDITEX, Zara's parent company, and became the new leader of the global clothing industry.
As of February 17, the stock closed at 10265 million yen per share, with a total market value of 10.8885 trillion yen (about 102.766 billion US dollars), becoming another clothing company to join the 100 billion US dollars corporate club.
INDITEX, Zara's parent company, closed at 25.78 euros per share, ranking second in the world with a total market value of 80.75 billion euros (about 97.498 billion US dollars).
Stimulated by the news, after diving in early trading today, the fast selling Hong Kong stocks recovered significantly in the afternoon, closing at HK $74.80, with the latest total market value of HK $793.4 billion.
It is understood that on March 5, 2014, fastsell officially landed on the Hong Kong stock market in the form of Hong Kong pre Trust Securities (HDR), with an issue price of HK $28.6 per share and a Hong Kong stock code of (06288. HK).
UNIQLO, the leisure clothing brand most familiar to the fast selling group, also provides about 80% of the company's annual income, which is a well deserved cash cow for the company. In addition, the company also has comptoir descotonniers, Prince TAM.TAM , theory, Helmut Lang, J brand, Gu and other brands.
Uniqlo Co., Ltd. is a Japanese casual wear designer, manufacturer and retailer.