Japan's Streetwear Veteran Nigo Takes over at Kenzo

Nigo is the first Japanese person to lead Kenzo since its founder left in 1999. Dimitrios Kambouris GETTY IMAGES NORTH AMERICA/AFP/File
Nigo is the first Japanese person to lead Kenzo since its founder left in 1999. Dimitrios Kambouris GETTY IMAGES NORTH AMERICA/AFP/File
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Japan's Streetwear Veteran Nigo Takes over at Kenzo

Nigo is the first Japanese person to lead Kenzo since its founder left in 1999. Dimitrios Kambouris GETTY IMAGES NORTH AMERICA/AFP/File
Nigo is the first Japanese person to lead Kenzo since its founder left in 1999. Dimitrios Kambouris GETTY IMAGES NORTH AMERICA/AFP/File

Streetwear pioneer Nigo was named Wednesday as the new artistic director of Kenzo, luxury group LVMH announced Wednesday.

Known for his celebrity collaborations, Nigo takes over from Portuguese designer Felipe Oliveira Baptista, who quit the post in June after just two years.

Kenzo was founded in 1970 by Japan's Kenzo Takada, who died from Covid-19 complications in October.

Nigo, real name Tomoaki Nagao, made his name with his label A Bathing Ape, or BAPE, in the 1990s -- its marriage of streetwear and high fashion making it precursor to brands like Supreme.

He has partnered with big names like Pharrell Williams, Kanye West, Coca-Cola and Adidas -- and last year released a men's collection with Virgil Abloh of Louis Vuitton.

In the statement announcing his appointment, Nigo noted the parallels with the founder of Kenzo.

"I was born the year that Kenzo Takada opened his first shop in Paris. We both studied at the same school of fashion in Tokyo. In 1993, the year that Kenzo joined the LVMH group, I began my career in fashion," he said.

"Bringing to life the spirit and savoir-faire of Kenzo Takada to create a new Kenzo is the biggest challenge in my 30-year career," he added.

Sidney Toledano, CEO of LVMH's fashion section, welcomed the "arrival of an extremely talented Japanese talent" that will open "a new page in the history of the house".



Italy’s Benetton Group Trims Losses in 2024 amid Restructuring Plan

 A logo of United Colors of Benetton is seen in front of a store in Rome, Italy, July 21, 2020. (Reuters)
A logo of United Colors of Benetton is seen in front of a store in Rome, Italy, July 21, 2020. (Reuters)
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Italy’s Benetton Group Trims Losses in 2024 amid Restructuring Plan

 A logo of United Colors of Benetton is seen in front of a store in Rome, Italy, July 21, 2020. (Reuters)
A logo of United Colors of Benetton is seen in front of a store in Rome, Italy, July 21, 2020. (Reuters)

Italian fashion retailer Benetton more than halved its net loss to 100 million euros ($113 million) last year, its results showed on Friday, as the group reorganized its activities to relaunch the brand.

Revenues at the clothing group, which is controlled by the Benetton family's holding Edizione, dropped to 917 million euros from just over a billion in 2023.

The group, which has struggled to withstand growing competition from fast-fashion giants, has run up a long string of annual losses.

Its restructuring plan, which started last year under new Chief Executive Claudio Sforza, focuses on cost reduction and the rationalization of its distribution and sales network, with a strengthening of e-commerce.

The company is also focusing on expanding the percentage of its goods provided by external suppliers.

Financial debt declined to 411 million euros at the end of last year from 460 million euros the year before.