MILAN — Italian luxury shoe and leather group Tod’s SpA on Wednesday reiterated its bullish outlook for the year, forecasting “excellent results in 2009” after nine-month sales edged up 1.8 percent and earnings remained almost flat.
For the nine months through Sept. 30, the group, which owns the Tod’s, Hogan, Fay and Roger Vivier labels, reported earnings before interest, taxes, depreciation and amortization of 129.3 million euros, or $176.7 million, down slightly from 128.8 million euros, or $196.1 million in the corresponding period the year before. Consolidated sales increased to 559.4 million euros, or $764.6 million, led by Hogan and demand for shoes in Italy and Asia.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"