Fast Retailing Co., Asia’s largest clothing chain, may buy a bigger rival in the U.S. or Europe after the yen’s advance to a postwar high against the dollar boosted the Japanese company’s purchasing power.
“The yen strength and anemic stock markets make this a very good opportunity for M&A,” Chief Executive Officer Tadashi Yanai, 62, said in a Nov. 4 interview in Tokyo.“It won’t be something small, but a company of equal size or bigger.”
Regards,
Don
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