Globalization is the buzzword fuelling the success of Japan's richest man.
Fast Retailing CEO and president Tadashi Yanai found his niche in affordable apparel and transformed his company into an clothing powerhouse by expanding overseas.
Yanai highlights two key challenges facing any global brand today: Globalization and digitalization.
"I believe whoever manages to adapt to these two things will become the winner, this is the biggest challenge," Yanai told CNBC's Managing Asia.
Fast Retailing is the holding company of several apparel brands, most notably affordable fashion brands UNIQLO Japan and UNIQLO International which are known for collaborating with global brands and celebrity designers from Pharrell Williams to Disney to Carine Roitfeld.