MILAN — A more efficient group structure, cost-cutting and growth in sales helped Aeffe SpA reduce its net loss in 2012, which totaled 3 million euros, or $3.8 million, compared with 4.3 million euros, or $6 million, in 2011.
In the 12 months ended Dec. 31, the Italian fashion group saw sales climb 3.3 percent to 254 million euros, or $325.1 million, compared with 246 million euros, or $342 million, the year before.
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)