TOKYO — Fast Retailing said Thursday that its nine-month net profit soared 69.1 percent compared with the same prior-year period. In addition to higher sales, the increase was largely the result of a foreign exchange gain of 13.3 billion yen.
Uniqlo's parent company said its net profit for the nine months ended May 31 totaled 120.1 billion yen. Operating profit grew 23.9 percent to 180.6 billion yen.
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?"