The luxury label has poached its new deputy general manager, US executive Siddhartha Shukla, from premium label Theory, where Shukla was chief brand officer. He replaces Arnaud Bazin, who joined Lanvin last year.
Fast Retailing has cut its annual profit outlook as extra Covid restrictions in Japan and elsewhere dented footfall. But its nine-month and Q3 performances were broadly strong and Theory improved in the latest quarter.
It hasn’t taken long to hear who’s moving into the location that Superdry is vacating on Regent Street. Fast Retailing has just announced that it will be taking up residence with its Uniqlo and Theory brands.
Fast Retailing released H1 results on Thursday, plus its Japanese Uniqlo performance for March. Both reports showed the business is doing well in general, even if the H1 figures showed some smaller brands struggling.