UNIQLO quit Giordano’s half-year operating profit fell by 25.2%

Fast Retailing, the holding company of Japan’s “Ultima King” UNIQLO, announced that due to the recent interim results announced by Giordano (0709), its operating profit decreased by 25.2% from the same period of last year. The board believes that Giordano’s current share price does not reflect the company’s Business status and intrinsic value, therefore decided not to submit a recommendation to Giordano.