MILAN — Growth in all geographical markets and a spike in sales of footwear, handbags, leather accessories and fragrances helped drive Salvatore Ferragamo SpA’s net profit up 10.2 percent in the first quarter to 17 million euros, or $22.2 million, compared with 15.5 million euros, or $21.7 million, in the same period last year.
Profits in the first quarter of 2012 include 5 million euros, or $6.5 million, of minority interest.
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)