Fashion

Its operating profit stood at JPY39.4b in the first quarter of FY2023.

This is despite a 14.2YoY revenue growth.

This will be driven by product innovation and rising online sales.

It will also be boosted by consumer confidence in Europe and America.

It also accelerates the efficiency of printing. 

The company’s net profit stood at HK$658m in the six months ending in September.

This is in support of the circular fashion economy.

The Japanese apparel maker was recently bought by US-based Bain Capital Private Equity. 

Fashion brands under Mash include Gelato Pique, Snidel, and Fray I.D.

This will be executed through its ReCycle stations.

The company ended the Yeezy partnership in October. 

Bjørn Gulden will assume the post in January 2023. 

Only 25% prefer wearing formal attire at events.

The apparel resale market to grow 85.5% between 2022 and 2026. 

Its Europe and US markets particularly saw a large improvement.

Its net income stood at $1.46b in the three months ending in August 2022.