MILAN — Safilo Group SpA on Wednesday said it more than doubled its net profit last year as the group generated free cash flow in 2016. The Italian eyewear company said first-quarter sales results will be impacted by deliveries out of its Padova warehouse.
In a statement after the close of trading in Milan, where Safilo is listed, the company said its full-year 2016 net profit, adjusted for nonrecurring items, more than doubled to 15.4 million euros, or $17 million, from $6.9 million euros, or $7.58 million, reported in the full-year 2015.
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)