MILAN — Italian eyewear giant Luxottica Group SpA cut its earnings-per-share forecast by more than 13.5 percent Tuesday after net profits fell for the third straight quarter.
Luxottica, which has licenses with Chanel, Dolce & Gabbana, Prada and Versace, among others, revised down 2008 EPS to between 0.96 euros, or $1.20 at current exchange, and 0.98 euros, or $1.23, from a previous guidance of between 1.11 euros, or $1.39, to 1.14 euros, or $1.43.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)