Latest news with #Yanai
Yahoo
23-05-2025
- Entertainment
- Yahoo
Uniqlo and Cate Blanchett to Support Displaced Directors Through Film Fund
CANNES, France — Uniqlo is stepping in to support films made by refugees from around the world. The Japanese brand is donating 100,000 euros to support the newly launched Displacement Film Fund. The initial round will support five filmmakers from across the globe, with their films set to debut at the International Film Festival Rotterdam in 2026. More from WWD Uniqlo Parties On at Tate Modern Best Dressed Guests at the 2025 Chelsea Flower Show Roger Federer and Clare Waight Keller Discuss First Uniqlo Collection Each filmmaker will receive up to 100,000 euros from the fund to produce a film under one hour that explores the experience of being displaced. 'The growing human displacement is one of the great challenges facing us as a species, but yet somehow, like climate change, it's off the mainstream conversation, and I always find that quite bewildering,' said Cate Blanchett during a press conference and panel discussion opened by Cannes Film Festival artistic director Thierry Frémaux. Blanchett, who has served as an ambassador for the U.N. High Commissioner for Refugees since 2016, said the program aims to support filmmakers who can reach audiences 'perhaps outside of their comfort zone and break down the stigmatization of those stories.' Displaced people are defined as those forced to flee their homes due to conflict, persecution, violence, or human rights violations. The idea for the project originated 18 months ago, and the team acted quickly to bring partners on board. 'There was a broad coalition of the willing coming at it from many different angles — private philanthropy, the corporate sector, and, of course, artists attached to cultural institutions and festivals,' said Blanchett. The fund uses the term 'displaced artists' rather than 'refugee,' as the latter word 'becomes almost a ghettoizing, stigmatizing and stereotypical label that prevents the word 'artist' coming front and center,' she added. A selection committee including actress Cynthia Erivo and director Agnieszka Holland oversaw a two-step selection process. The first round of participants includes Ukrainian filmmaker Maryna Er Gorbach, Somali filmmaker Mo Harawe, Syrian filmmaker Hasan Kattan, Iranian filmmaker Mohammad Rasoulof and Afghan filmmaker Shahrbanoo Sadat. Koji Yanai, group senior executive officer at Uniqlo parent company Fast Retailing, said he met Blanchett at the UNHCR-organized Global Refugee Forum in 2023. 'We connected over the desire to give a platform to displaced people and raise awareness about their stories through movies,' he told WWD. The initiative is being launched as a pilot program, though 'we expect the project [to] continue,' said Yanai. Blanchett added that they had considered a larger program with up to 20 films, but the team recognized the need to act quickly and selected a smaller cohort of directors with plans to expand. 'As we gain more backers, the program will expand and may take on new formats,' said Yanai. Blanchett described the Cannes launch as 'a call to arms' for the industry. 'We need those streaming platforms. We need those distributors and exhibitors to say, 'We're going to put these in front of [an audience],' she said. 'Those conversations are very much on our mind.' Yanai hinted that Uniqlo will put its worldwide retail reach behind those efforts. 'We would like to consider utilizing Uniqlo's global network to connect these stories to engage with global audiences in future,' he added. Best of WWD Model and Hip Hop Fashion Pioneer Kimora Lee Simmons' Runway Career Through the Years [PHOTOS] Salma Hayek's Fashion Evolution Through the Years: A Red Carpet Journey [PHOTOS] How Christian Dior Revolutionized Fashion With His New Look: A History and Timeline
Business Times
23-05-2025
- Business
- Business Times
Uniqlo founder Tadashi Yanai to buy 300 million euro Milan building
[TOKYO] Uniqlo founder Tadashi Yanai has agreed to buy a building in Milan's Piazza Cordusio where the brand's flagship store is located. The Japanese billionaire will pay more than 300 million euros (S$437.5 million) for the 19th century building in the city's central square, people familiar with the transaction said, asking not to be identified because the details are private. The 161,000-square-feet structure, called Cordusio 2.0 – acquired by Hines in 2016 – has been home to Uniqlo's store since 2019. Yanai's net worth is about US$50 billion, according to the Bloomberg Billionaires Index. Milan's property sector has seen a renaissance in recent years as revitalisation projects have helped transform several run-down neighbourhoods into upscale landmark zones. Last year, Gucci owner Kering SA spent 1.3 billion euros for a property on Milan's Via Monte Napoleone, its toniest shopping street. Piazza Cordusio, close to Piazza Duomo, is also the location Starbucks chose for its first outlet in Italy. A representative for Fast Retailing, Uniqlo's owner, was not immediately able to comment, while a Hines spokesperson declined to comment. Green Street News reported the deal earlier on Thursday. BLOOMBERG
Fashion Network
22-05-2025
- Business
- Fashion Network
Japanese tycoon Yanai buys Uniqlo building in Milan for $339 million, source says
Home › News › Retail Download Print The family office of Japanese billionaire Tadashi Yanai, founder and chief executive of Uniqlo operator Fast Retailing, has agreed to buy a building in Milan for about 300 million euros ($339 million), a source close to the matter said on Thursday. Uniqlo founder Tadashi Yanai has agreed to purchase the building that houses the brand's flagship store in Milan's Piazza Cordusio. - Reuters Yanai, Japan's richest man, is buying the building from U.S. property firm Hines, the source added. Hines declined to comment. Yanai could not immediately be reached for comment. A representative for Fast Retailing Co., Uniqlo's owner, could not immediately comment. The 19th-century building is in Milan's central Piazza Cordusio, where Uniqlo's flagship store has been since 2019. The 161,000-square-foot structure, called Cordusio 2.0, was acquired by Hines in 2016 and renovated. It stands across from the city's Starbucks Reserve Roastery and near Milan's main Duomo Square. JLL advised Yanai. The real estate and investment management services firm confirmed it worked as an adviser for a family office involved in the transaction, without giving further sale was first reported by Green Street News, which said that Yanai had recently also bought a Uniqlo-occupied building in Amsterdam and another one in London. Milan's property sector has seen a renaissance in recent years as revitalization projects have helped transform several run-down neighborhoods into upscale landmark zones. Last year, Gucci owner Kering SA spent 1.3 billion euros for a property on Milan's Via Monte Napoleone, its toniest shopping street. ($1 = 0.8855 euros) with Reuters and Bloomberg © Thomson Reuters 2025 All rights reserved. Tags : Fashion Ready-to-wear Fashion Retail Business
Fashion Network
22-05-2025
- Business
- Fashion Network
Japanese tycoon Yanai buys Uniqlo building in Milan for $339 million, source says
The family office of Japanese billionaire Tadashi Yanai, founder and chief executive of Uniqlo operator Fast Retailing, has agreed to buy a building in Milan for about 300 million euros ($339 million), a source close to the matter said on Thursday. Yanai, Japan's richest man, is buying the building from U.S. property firm Hines, the source added. Hines declined to comment. Yanai could not immediately be reached for comment. A representative for Fast Retailing Co., Uniqlo's owner, could not immediately comment. The 19th-century building is in Milan's central Piazza Cordusio, where Uniqlo's flagship store has been since 2019. The 161,000-square-foot structure, called Cordusio 2.0, was acquired by Hines in 2016 and renovated. It stands across from the city's Starbucks Reserve Roastery and near Milan's main Duomo Square. JLL advised Yanai. The real estate and investment management services firm confirmed it worked as an adviser for a family office involved in the transaction, without giving further details. The sale was first reported by Green Street News, which said that Yanai had recently also bought a Uniqlo-occupied building in Amsterdam and another one in London. Milan's property sector has seen a renaissance in recent years as revitalization projects have helped transform several run-down neighborhoods into upscale landmark zones. Last year, Gucci owner Kering SA spent 1.3 billion euros for a property on Milan's Via Monte Napoleone, its toniest shopping street. ($1 = 0.8855 euros) © Thomson Reuters 2025 All rights reserved.
Fashion Network
22-05-2025
- Business
- Fashion Network
Japanese tycoon Yanai buys Uniqlo building in Milan for $339 million, source says
The family office of Japanese billionaire Tadashi Yanai, founder and chief executive of Uniqlo operator Fast Retailing, has agreed to buy a building in Milan for about 300 million euros ($339 million), a source close to the matter said on Thursday. Yanai, Japan's richest man, is buying the building from U.S. property firm Hines, the source added. Hines declined to comment. Yanai could not immediately be reached for comment. A representative for Fast Retailing Co., Uniqlo's owner, could not immediately comment. The 19th-century building is in Milan's central Piazza Cordusio, where Uniqlo's flagship store has been since 2019. The 161,000-square-foot structure, called Cordusio 2.0, was acquired by Hines in 2016 and renovated. It stands across from the city's Starbucks Reserve Roastery and near Milan's main Duomo Square. JLL advised Yanai. The real estate and investment management services firm confirmed it worked as an adviser for a family office involved in the transaction, without giving further details. The sale was first reported by Green Street News, which said that Yanai had recently also bought a Uniqlo-occupied building in Amsterdam and another one in London. Milan's property sector has seen a renaissance in recent years as revitalization projects have helped transform several run-down neighborhoods into upscale landmark zones. Last year, Gucci owner Kering SA spent 1.3 billion euros for a property on Milan's Via Monte Napoleone, its toniest shopping street. ($1 = 0.8855 euros)
