MILAN — Gains in international markets, driven by the U.S. and Europe, helped Brunello Cucinelli SpA report a 10.6 percent increase in net profit in the first six months of the year.
In the period ended June 30, profits rose to 13.3 million euros, or $17.4 million, compared with “normalized” profits of 11.9 million euros, or $15.3 million, in the same period last year, which excluded nonrecurring expenses incurred in the company’s initial public offering. Revenues gained 16.5 percent to 157.6 million euros, or $206.4 million. Dollar amounts have been converted at average exchange for the periods to which they refer.
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)