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".



Under Armour Raises Annual Profit Forecast on Cost-savings Plan

FILE PHOTO: Products are displayed in an Under Armour store in New York City, US, November 4, 2019. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: Products are displayed in an Under Armour store in New York City, US, November 4, 2019. REUTERS/Brendan McDermid/File Photo
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Under Armour Raises Annual Profit Forecast on Cost-savings Plan

FILE PHOTO: Products are displayed in an Under Armour store in New York City, US, November 4, 2019. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: Products are displayed in an Under Armour store in New York City, US, November 4, 2019. REUTERS/Brendan McDermid/File Photo

Sportswear maker Under Armour raised its annual profit forecast on Thursday, betting on its cost-saving strategy and efforts to sell more clothing and shoes at full price.

Shares of the company rose 6.3% in premarket trading.

Following several quarters of poor results, Under Armour founder Kevin Plank returned as CEO to reset the business and has been reducing headcount and cutting down on inventory of some products.

The company is also aiming to cut back on promotions and sell apparel and footwear at full prices.
It now expects annual adjusted per-share profit of between 24 cents and 27 cents, compared with its prior forecast of 19 cents to 21 cents.