MILAN — Luxottica Group SpA enters its 50th year coming off strong growth in all markets in 2010 and a 34.6 percent gain in net profits.
The Italian eyewear maker posted net profits of 402.2 million euros, or $530.9 million, in the 12 months ended Dec. 31, compared with 299.1 million euros, or $415.7 million, the previous year. Sales rose 13.8 percent to 5.8 billion euros, or $7.6 billion, a record for the company.
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)