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Uniqlo owner slashes profit outlook, global ambitions hit by pandemic

"This is the biggest crisis for humanity since the end of the war," chief executive officer Tadashi Yanai told a news conference on Thursday.

[TOKYO] Japan's Fast Retailing, owner of casual clothing chain Uniqlo, forecast a 44 per cent fall in full-year (September-August) profit after the coronavirus outbreak hit sales in China and dealt a setback to its ambitions of conquering the US and European markets.

The pandemic briefly...

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