MILAN - Italy's Safilo Group SpA revised down its full year outlook on Wednesday, after the spiraling dollar and a weak performance in Europe reduced second quarter earnings by more than a third.
The eyewear company, which has licenses with Armani, Dior, Gucci, and Valentino, among others, slashed its revenue growth forecast to 4 percent,from 7-8 percent at constant exchange, and adjusted its net income target to 3 to 3.5 percent of sales, from 4.5 to 5 percent.
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)