This article is from WeChat public account: investment community (ID: pedalaily2012) , author: Yang Jiyun, title figure from: vision China
Uniqlo founder Masayan Yanai decided to leave Softbank.
On December 27, SoftBank Group issued a statement that Uniqlo’s parent company Yanai is announcing his withdrawal from the SoftBank Group’s board of directors and will officially step down on December 31. This means that he will bid farewell to SoftBank’s 18-year-old directorship and stop fighting alongside his old friend Sun Zhengyi.
Sanayanagi and Masayoshi Sun are two legends of the Japanese business community, and they have deep roots. They are all third-generation immigrants who migrated from the Korean peninsula to Japan. Yanai Zheng has been a director of Softbank since 2001. In the past 10 years, the two have sat on the throne of Japan’s richest man.
Yanai once said that his role at SoftBank is “to be honest with Sun Zhengyi.” For decades, Yanai is one of the few people in the Japanese business community who dare to openly call Zheng Zhengzheng. He was dissatisfied with Sun Zhengyi ’s massive investment of $ 4.4 billion in WeWork. Now, just as Sun Zhengyi and SoftBank are in trouble because of their investments in WeWork and Uber, Yanai Zheng’s departure seems more meaningful.
25-year-old took over his father’s business, creating a Japanese business myth
Uniqlo’s success is still a commendable business miracle.
At that time, Yanai was 25 when he took over the men’s clothing store “Kogun Shoji” from his father. He resigned from the job of a department store tallyman in order to save his father, a shop that was about to close. He first reformed the store, both in terms of furnishings and process efficiency, so that some old employees could not resign immediately. In the most difficult time, there were only 6 people in his store.
Soon after, Yanai is aware of the vacancy of the Japanese casual wear market.