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.
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)