Take context from the input text and decide on the accurate relationship between 'Uniqlo' and 'Fast Retailing' from the options provided.
Options: distribution format, parent organization, owned by, subsidiary

SHANGHAI, Sept 26 Japanese apparel retailer Fast Retailing Co Ltd, the owner of Uniqlo clothing chain, is seeing "absolutely" no impact on its business from the economic slowdown in China, its chief executive said on Saturday.
owned by