MILAN — Global retail and wholesale growth and gains in footwear and leather goods lifted Salvatore Ferragamo SpA’s net profit 30 percent in 2012 to 106 million euros, or $135.7 million, compared with 81 million euros, or $112.6 million, in the previous year. The Florence-based company also attributed the improvement to a 10 percent reduction in the minority interest last year compared with 2011, as a consequence of the buyback of the stakes in distribution companies in South Korea and Southeast Asia.
Including a minority interest profit of 20 million euros, or $25.6 million, profits rose more than 21 percent to 125 million euros, or $160 million, compared with 103 million euros, or $143.2 million, in 2011.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)