PARIS — Adidas AG, the world’s second-largest sportswear company, on Wednesday reported a 93 percent slide in second-quarter net profits but reaffirmed its 2009 outlook and said the worst is over.
In a bid to make its organization more efficient, the German company also said it has reshuffled senior management duties, with chief executive officer Herbert Hainer taking on responsibility for global sales.
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)