MILAN — Tod’s Group on Wednesday reported a double-digit increase infirst-half net income on the back of strong sales at the namesake brand,increased demand for its shoes and bags in America and China, and an“improvement” in the group’s tax rate.
Tod’s — home also toHogan, Fay and Roger Vivier — said net income in the first six monthsincreased 13.7 percent to 74.4 million euros, or $96.5 million, as salesincreased 9.8 percent to 482.5 million euros, or $626.1 million. Thecompany said its tax rate decreased by 300 basis points compared withJanuary to June 2011 “mainly due to the higher incidence of foreignsales on the group’s turnover.”
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; Styles by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
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