PARIS — PPR, the French parent of Gucci Group, on Thursday reported stable profits for the year despite a slowdown in sales growth in the fourth quarter due to the worsening world economy.
PPR said net income in 2008 from continuing operations inched forward 0.1 percent to 875 million euros, or $1.29 billion, a result that chairman and chief executive officer François-Henri Pinault called “particularly satisfying” in the “deteriorated” environment. Dollar figures are converted at average exchange rates for the respective periods.
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?"