MILAN — Driven by gains in Greater China and the Americas, but dented by a cutback in wholesale distribution in Italy, Tod’s SpA said operating profits for the nine months to Sept. 30 fell 0.7 percent to 168 million euros, or $220 million, on a 0.4 percent increase in sales to 752.6 million euros, or $986 million.
Earnings before interest, taxes, depreciation and amortization totaled 199.5 million euros, or $261.3 million, with a 26.5 percent margin on sales, and were flat compared to the same period the previous year.
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)