Uniqlo’s social business, ASOS founder cashes in, Inditex into Antipodes, Liberty’s grand plan, Launching Gilt

Uniqlo Recycling Initiave | Source: greenz

Uniqlo Green Initiative | Source: greenz

Uniqlo Healing Social Problems With Hipster T-Shirts (Fast Company)
Fast Retailing Co., the company behind the Uniqlo clothing chain, has established a new, wholly-owned subsidiary that’s going to expand its enterprise with a ‘social business’ in the People’s Republic of Bangladesh.”

Asos co-founder cashes in as profits jump (Guardian)
“Online retailer Asos sees first-quarter sales rise by 54%… The man who co-founded Asos a decade ago has scooped almost £15m in his first major sale of shares in the online fashion retailer.”

Inditex says to expand in Australia, South Africa (AFP)
“Spain’s Inditex, Europe’s largest clothing retailer, said Tuesday it would move into Australia and South Africa next year as the Zara owner pushes ahead with its aggressive international expansion.”

Liberty’s Grand Plan (Vogue.com)
Liberty’s new ceo Marco Capello has vowed to turn the store into the country’s best by 2012… ‘We have all the right elements – it’s just mad that we’ve been losing money. If I can’t turn this store round I have failed.’”

Launching Gilt Groupe, A Fashionable Enterprise (WSJ)
“With 2009 revenue of $170 million and a current valuation of some $400 million, Gilt Groupe appears to have more staying power than most fashion trends.”