MILAN — A strong performance in China and the Americas couldn’t offset a drop in revenues in Italy, driving profits and sales at Tod’s SpA down in the first quarter ended March 31.
The luxury goods company said Tuesday that operating profits in the three-month period fell 6.8 percent to 53.4 million euros, or $70.5 million, and earnings before interest, taxes, depreciation and amortization were down 4.6 percent to 63.6 million euros, or $84 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)