Fast Retailing Co. Ltd. announced the launch of Wearex Co. Ltd. After regulatory approval has been obtained, the company will operate as a joint venture with Accenture Japan Ltd. in accordance with a joint venture agreement which was signed by both companies.

The new company will be headed by Fast Retailing Group Officer and Chief Information Officer (CIO) Hajime Tamaoki, and headquartered from Fast Retailing's Tokyo Head Office, in Tokyo Midtown, Roppongi. Wearex also aims to actively hire and nurture the development of talented IT engineers, to advance digital innovation for consumers. The new company will initially launch with about fifty staff, focused on Japan and with a vision to expand worldwide.