MILAN — Salvatore Ferragamo Group closed the year of its public listing with flying colors, reporting a 69.8 percent increase in net profit.
Boosted by worldwide growth, the bottom line at the Florence-based fashion house reached 103.3 million euros, or $143.6 million at average exchange, in the 12 months ended Dec. 31. This figure included minority interest profit of 22 million euros, or $30.5 million.
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)