Muji picks senior Uniqlo Executive as its next president


By Inside Retail Asia

Muji parent Ryohin Keikaku has appointed Fast Retailing’s former executive, Nobuo Domae, as its new president and representative director.

Domae will succeed Satoru Matsuzaki, who will become vice chairman and director of Ryohin Keikaku. The new appointments will take effect on September 1.

“Under the new management structure, we will redefine the corporate philosophy and further enhance our operating foundations in order to achieve it,” the company said in a statement.

READ full story HERE.