{"id":6468,"date":"2017-01-12T03:37:41","date_gmt":"2017-01-12T03:37:41","guid":{"rendered":"http:\/\/www.thefastfashion.com\/?p=6468"},"modified":"2017-01-12T03:37:41","modified_gmt":"2017-01-12T03:37:41","slug":"japans-richest-man-lost-1-4-billion-in-1-day-due-to-warm-weather","status":"publish","type":"post","link":"https:\/\/www.thefastfashion.com\/?p=6468","title":{"rendered":"Japan\u2019s richest man lost $1.4 billion in 1 day due to \u2018warm weather\u2019"},"content":{"rendered":"<p class=\"first\" id=\"yui_3_9_1_1_1484192141166_668\" style='margin: 0px; padding: 0px; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, Times, \"Times New Roman\", serif; font-size: 14.04px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;'>Tadashi Yanai (AP)<\/p>\n<p style='margin: 11px 0px 0px; padding: 0px; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, Times, \"Times New Roman\", serif; font-size: 14.04px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;'>While many Americans may not be familiar with the wealthiest man in Japan, billionaire Tadashi Yanai, they likely know the colorful clothing brand Uniqlo, which has aggressively expanded into the US in its quest to take on H&amp;M and other fast-fashion chains.<\/p>\n<p style='margin: 11px 0px 0px; padding: 0px; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, Times, \"Times New Roman\", serif; font-size: 14.04px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;'>Yanai is the CEO of Fast Retailing, which owns Uniqlo (along with J Brand, Theory, and others). And on Friday, Yanai lost an eye-popping $1.4 billion in paper wealth.<\/p>\n<p style='margin: 11px 0px 0px; padding: 0px; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, Times, \"Times New Roman\", serif; font-size: 14.04px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;'><div class=\"e3lan e3lan-in-post1\"><\/div>\n\n<p style='margin: 11px 0px 0px; padding: 0px; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, Times, \"Times New Roman\", serif; font-size: 14.04px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;'>The reason? Uniqlo reported that its same-store sales declined 5% in December. That report led shares of Fast Retailing (FRCOY) to drop nearly 7% in one day. Uniqlo makes up about 80% of Fast Retailing\u2019s revenue, and Yanai\u2019s wealth comes from his stock holdings in Fast Retailing.<\/p>\n<p style='margin: 11px 0px 0px; padding: 0px; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: Georgia, Times, \"Times New Roman\", serif; font-size: 14.04px; font-style: normal; font-weight: normal; word-spacing: 0px; white-space: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255); font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px;'>As a result of Fast Retailing\u2019s stock drop, Yanai slipped six slots on the Bloomberg Billionaires Index to No. 44 in the world, with an estimated $17.7 billion. It is the biggest fall for any billionaire on the list so far in 2017.<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Tadashi Yanai (AP) While many Americans may not be familiar with the wealthiest man in Japan, billionaire Tadashi Yanai, they likely know the colorful clothing brand Uniqlo, which has aggressively expanded into the US in its quest to take on H&amp;M and other fast-fashion chains. Yanai is the CEO of Fast Retailing, which owns Uniqlo &hellip;<\/p>\n","protected":false},"author":1,"featured_media":6469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[38],"tags":[999,997,998],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Japan\u2019s richest man lost $1.4 billion in 1 day due to \u2018warm weather\u2019 - TheFastFashion.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefastfashion.com\/?p=6468\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japan\u2019s richest man lost $1.4 billion in 1 day due to \u2018warm weather\u2019 - TheFastFashion.com\" \/>\n<meta property=\"og:description\" content=\"Tadashi Yanai (AP) While many Americans may not be familiar with the wealthiest man in Japan, billionaire Tadashi Yanai, they likely know the colorful clothing brand Uniqlo, which has aggressively expanded into the US in its quest to take on H&amp;M and other fast-fashion chains. Yanai is the CEO of Fast Retailing, which owns Uniqlo &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thefastfashion.com\/?p=6468\" \/>\n<meta property=\"og:site_name\" content=\"TheFastFashion.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/buyingforbeauty\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-12T03:37:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thefastfashion.com\/wp-content\/uploads\/2017\/01\/026803fae2b817f3a4cf815d8711c8de.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1466\" \/>\n\t<meta property=\"og:image:height\" content=\"1104\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TheFastFashion\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TheFastFashion\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thefastfashion.com\/?p=6468\",\"url\":\"https:\/\/www.thefastfashion.com\/?p=6468\",\"name\":\"Japan\u2019s richest man lost $1.4 billion in 1 day due to \u2018warm weather\u2019 - TheFastFashion.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.thefastfashion.com\/#website\"},\"datePublished\":\"2017-01-12T03:37:41+00:00\",\"dateModified\":\"2017-01-12T03:37:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.thefastfashion.com\/#\/schema\/person\/6724c5c91d5889cf040718d048e9c810\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.thefastfashion.com\/?p=6468#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thefastfashion.com\/?p=6468\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thefastfashion.com\/?p=6468#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thefastfashion.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Japan\u2019s richest man lost $1.4 billion in 1 day due to \u2018warm weather\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thefastfashion.com\/#website\",\"url\":\"https:\/\/www.thefastfashion.com\/\",\"name\":\"TheFastFashion.com\",\"description\":\"Fashion, Life Style, Beauty, Makeup, Costume...\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thefastfashion.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.thefastfashion.com\/#\/schema\/person\/6724c5c91d5889cf040718d048e9c810\",\"name\":\"TheFastFashion\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.thefastfashion.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/165dc3997dd8e848f9e4cb8574ab2042?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/165dc3997dd8e848f9e4cb8574ab2042?s=96&r=g\",\"caption\":\"TheFastFashion\"},\"url\":\"https:\/\/www.thefastfashion.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Japan\u2019s richest man lost $1.4 billion in 1 day due to \u2018warm weather\u2019 - TheFastFashion.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thefastfashion.com\/?p=6468","og_locale":"en_US","og_type":"article","og_title":"Japan\u2019s richest man lost $1.4 billion in 1 day due to \u2018warm weather\u2019 - TheFastFashion.com","og_description":"Tadashi Yanai (AP) While many Americans may not be familiar with the wealthiest man in Japan, billionaire Tadashi Yanai, they likely know the colorful clothing brand Uniqlo, which has aggressively expanded into the US in its quest to take on H&amp;M and other fast-fashion chains. 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