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Furniture billionaire weighs buying way into Japan apparel

"If we're going to get into apparel, M&A's probably the best way to do it," says Mr Nitori. "There isn't enough choice now for shoppers. If you go to a shopping centre, it's all clothes for young people and not a lot for the middle-aged at a reasonable price."


NITORI Holdings Co is considering buying an apparel chain in Japan, a move that would pit the furniture seller against rivals including Fast Retailing Co, Asia's largest clothier.

The home furnishing retailer would look for a company with 100 to 200 stores as cash from...

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