Grameen-Uniqlo to open stores in Dhaka Friday

Japanese clothing chain Uniqlo will open its first two stores in the capital on Friday to attract the nation’s growing middle class, providing them with locally-produced high quality comfortable clothing at affordable prices.Japanese Ambassador in Dhaka Shiro Sadoshima and Fast Retailing Group Senior Vice President and Chief Executive Officer (CEO) Grameen Uniqlo Yukihiro Nitta will jointly open the two outlets – first at Elephant Road and then at Banasree in the city.
Fast Retailing, which owns Uniqlo, has teamed up with Grameen Healthcare run by Nobel Peace laureate Muhammad Yunus, to initially open two stores in Dhaka as part of their long-term commitment to address poverty, hygiene, the environment, and educational and gender inequality in the fast growing nation.
The initiative is part of a social business venture between global apparel giant Uniqlo and Grameen Healthcare Trust.
The Grameen-Uniqlo has a plan to come up with many such stores in Dhaka and contribute to the local economies and make life of Bangladeshis better.
The stores, to be operated by the tie-up Grameen-Uniqlo, will be the first in Bangladesh from a leading global retailer, and will offer quality products within the range of Tk 190-Tk 750 ($2.49-$9.99).
In 2010, Grameen Uniqlo began producing quality, comfortable clothing in Bangladesh at affordable prices, for local economically disadvantaged communities. Any profits generated have been reinvested to build the business, improving the quality of life and achieving financial independence for these communities. – UNB

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