MILAN — Lifted by global growth and in particular a strong performance in the Asia-Pacific region, Salvatore Ferragamo Group closed the first nine months of the year with strong gains in profit and sales. In the period ended Sept. 30, the luxury brand showed an 85 percent jump in net profit, which reached 78.3 million euros, or $109.6 million, including a minority interest profit of 15.6 million euros, or $21.8 million. This compares with 42.3 million euros, or $55.4 million, in the same period last year.
Revenues climbed 27.6 percent to 701.3 million euros, or about $981 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)