TOKYO — Fast Retailing said Thursday that its net profit for the first quarter of its fiscal year jumped 45.1 percent thanks to cost-cutting measures, a foreign exchange gain and a low comparative base from the same period a year earlier.
For the three months ended Nov. 30, Uniqlo’s corporate parent posted a net profit of 69.7 billion yen, or $667 million at average exchange rates for the period. The company’s operating profit increased by 16.7 percent to 88.59 billion yen, or $848 million.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion