MILAN — Luxottica Group SpA kicked off the year with higher profits.
Leveraging growth in the U.S. and in emerging markets, the Italian eyewear company in the first quarter ended March 31 posted a 20.8 percent rise in net profits, which reached 95.1 million euros, or $131.2 million, compared with 78.8 million, or $102.4 million, in the same period last year. Sales gained 6 percent to 1.39 billion euros, or $1.92 billion, compared with 1.31 billion euros, or $1.7 billion, in the first quarter of 2009.
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)