TOKYO — Net profits at Kao Corp. plummeted 22.1 percent in the six months ended Sept. 30 to 25.24 billion yen, or $264.5 million.
Weak sales of the Japanese firm’s prestige cosmetics, coupled with a decrease in consumer demand in the chemicals industry, led to an 8.9 percent drop in the company’s net sales to 599.05 billion yen, or $6.28 billion.
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)