Financial News

Fast Retailing and UNHCR Announce New Agreement

Launching new initiatives to support refugees worldwide as part of global partnership

TOKYO, Nov 25, 2015 - (ACN Newswire) - Fast Retailing Co., Ltd. and UNHCR, the UN Refugee Agency, today jointly announce a new agreement to support refugees worldwide. The Tokyo-based company will provide US $10 million in funds and distribute winter wear for new arrivals in Europe, and expand its internship program both in Japan and abroad.

Commenting on today's announcement, Tadashi Yanai, Chairman, President and CEO of Fast Retailing, said: "The refugee issue is one of the most difficult challenges the international community is facing today. We must collectively tackle the constant threats that have forced so many people, including a large number of children, to flee," He added, "We have been providing refugees with emergency assistance, programs that promote self-reliance and donations of clothes for nearly 10 years. We will continue to supply refugees with the clothes they need and give them hope for better lives, in keeping with our never-ending desire for a sustainable and peaceful world."

United Nations High Commissioner for Refugees Antonio Guterres said: "Nearly 60 million people have been forced to flee their homes worldwide; the equivalent to almost half the population of Japan. 20 million of these people are refugees. In the face of such an unprecedented challenge, the robust support of the private sector is crucial for meeting the needs of the millions of families who have lost everything and who are seeking a safe place to restore their lives and build a better future." He added, "I welcome Fast Retailing's decision to stand behind refugees not just through its generous funding, but also by mobilizing its staff, business partners and customers to join forces for the refugee cause."

Fast Retailing started its collaboration with the UN Refugee Agency in 2006 and entered into a global partnership in 2011, a first for a company headquartered in Asia. The new support being pledged today is part of their global partnership aimed at assisting forcibly displaced people around the world, in recognition of the need for international organizations and private enterprises to collaborate more closely for the refugee cause.

Under the new agreement, Fast Retailing commits to support the UN Refugee Agency with US $10 million over the next three years, starting from 2016. The funds will help UNHCR respond to emergencies and other acute humanitarian crises, and help refugees in Asia become self-reliant.

The donation will also cover costs related to the distribution of donated clothing. To date, Fast Retailing has collected and distributed through UNHCR more than 10 million items of lightly used clothing to refugees across 37 countries and regions.

In addition, Fast Retailing will donate 150,000 items of UNIQLO Extra Warm HEATTECH clothing to help families seeking asylum in Europe and Afghanistan through the coming winter. The company also aims to provide internships with future employment possibilities to 100 refugees in Japan and abroad.

About Fast Retailing

Fast Retailing Co., Ltd., is a leading global Japanese retail company that designs, manufactures and sells clothing under seven main brands: Comptoir des Cotonniers, GU, Helmut Lang, J Brand, Princesse tam.tam, Theory, and UNIQLO. With global sales of 1.68 trillion yen for the 2015 fiscal year ending August 31, 2015 (US $13.88 billion, calculated in yen using the end of August 2015 exchange rate of $1 = 121.18 yen), Fast Retailing is one of the world's largest apparel retail companies, and UNIQLO is Japan's leading specialty retailer. With a corporate statement committed to changing clothes, changing conventional wisdom and change the world, Fast Retailing is dedicated to creating great clothing with new and unique value to enrich the lives of people everywhere. For more information about Fast Retailing, please visit


The Office of the United Nations High Commissioner for Refugees was established on December 14, 1950 by the United Nations General Assembly. The agency is mandated to lead and co-ordinate international action to protect refugees and resolve refugee problems worldwide. Its primary purpose is to safeguard the rights and well-being of refugees. It strives to ensure that everyone can exercise the right to seek asylum and find safe refuge with the option to return home voluntarily, integrate locally or to resettle in a third country. It also has a mandate to help stateless people and people who are displaced inside their own countries. In more than six decades, the agency has helped tens of millions of people restart their lives. Today, a staff of some 9,300 people in more than 127 countries continues to help well over 50 million people. Learn more at and

For media queries, please contact:

Fast Retailing Corporate PRAldo Liguori, Ai Kanda and Pei Chi TungTel. +81 (0)3 6865 0960

UNHCRYuki MoriyaTel. +81 (0)3 3499 2042

Press release (PDF):

Source: Fast Retailing Co., Ltd.

Copyright 2015 ACN Newswire . All rights reserved.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info