Salvatore Ferragamo SpA couldn’t have timed its first day of trading on the Milan Stock Exchange much better.
Shares of the Florence-based fashion house closed with a flourish Wednesday, gaining 10.6 percent to 9.95 euros, or $14.23 at current exchange, reflecting both confidence in the luxury sector and the strength of equities throughout Europe as the Greek parliament approved a sweeping austerity program including spending cuts and tax increases. The vote in Athens significantly improved the likelihood of a rescue package from the European Union and allayed fears that the country could default, a source of discomfort throughout global equity markets all week.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"