MILAN — Tod’s SpA said Tuesday that net profits rose 23.8 percent to 135 million euros, or $187.6 million at average exchange, in the year ended Dec. 31.
Strong gains in Asia and robust growth of the Tod’s brand helped the Italian luxury goods firm report a 13.5 percent rise in sales to 893.6 million euros, or $1.24 billion. The Tod’s label grew 19.8 percent in 2011, reaching revenues of 487.5 million euros, or $677.6 million.
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?"