Investors in Tokyo took the lead of their U.S. counterparts and pushed shares in the Nikkei 225 down 5percent, or 605.04 points, to 11,609.72 Tuesday after the bankruptcy of investment bank Lehman Brothers and the sudden deal to sell Merrill Lynch to Bank of America rattled markets in the U.S. and Europe.
Among the fashion decliners in Tokyo were Fast Retailing, which runs the Uniqlo chain and was down 5.9 percent to 10,740 yen, and Shiseido, which fell 1.5 percent to 2,565 yen. Inthe department store sector, Takashimaya Co. was down 4.3 percent to 832 yenwhile Isetan Mitsukoshi Holdings was off 4.2 percent to 1,096 yen.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"