MILAN — Lifted by growth in all markets, particularly China, and a spike in its footwear, handbags and leather accessories and fragrance divisions, the Salvatore Ferragamo Group reported strong gains in profits and sales for the first six months of the year. In the period ended June 30, net profits at the Florence-based luxury house rose 22.5 percent to 55.9 million euros, or $72.1 million, compared with 45.7 million euros, or $66.2 million, in the same period last year.
Sales climbed 22.9 percent to 565.1 million euros, or $729 million, compared with 459.7 million euros, or $666.5 million, 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)