MILAN — Italian eyewear giant Luxottica SpA on Thursday reported record annual sales and a 20 percent jump in net income as consumers continued to buy its premium glasses and as continued investments in its portfolio and retail business paid off.
In a statement released after the close of the Milan stock exchange, the company said 2012 revenues grew by 13.9 percent on 2011 (7.5 percent at constant exchange rates), reaching 7.1 billion euros, or $9.1 billion. Net income for the period was 541.7 million euros, or $693.4 million.
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)