TOKYO — Japanese apparel giant Onward Holdings said Friday that its net profit for the nine months ended November 30 grew by 6.4 percent to 4.64 billion yen, or $58.09 million at average exchange rates for the period.
The company benefitted from a low comparable base for net profit. The previous year's nine-month net profit slid 7 percent on a series of expenditures, including some related to the March 2011 earthquake.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"