MILAN — Italy's Luxottica Group reported a healthy increase in net profits for 2016, following a year of record sales, and upped its full-year dividend.
In the 12 months ending Dec. 31, Luxottica said net profits increased 5.8 percent to 851 million euros, or $902.1 million, with a net margin of 9.4 percent; at constant exchange rates, the increase in income would have been 7.6 percent. The company raised the full-year dividend by 3.4 percent, to 0.92 euros, or 98 cents, a share.
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)