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.
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)