MILAN — Gains in all geographic markets, led by China, and the performance of its handbags, leather and footwear categories helped Salvatore Ferragamo SpA boost net profits by 41 percent in the first nine months of the year.
Net profits rose to 120 million euros, or $157.2 million, including 7 million euros, or $9.2 million, of minority interest. This compares with a net profit of 85 million euros, or $108.8 million, in the same period last year.
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?"