MILAN — Growth in all geographic markets and in all product categories at both retail and wholesale helped Salvatore Ferragamo SpA post a 32.4 percent increase in net profits in the first half ended June 30 to 45.7 million euros, or $66.2 million, compared with 34.5 million euros, or $42.4 million, in the same period the previous year.
The company, which made its debut on the Milan Stock Exchange on June 29, registered a 29.8 percent rise in sales to 459.7 million euros, or $666.5 million. In the first six months, operating profit also surged, showing an 80.4 percent rise to 70.9 million euros, or $102.8 million, compared with 39.3 million euros, or $48.3 million.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"