MILAN — Italian fashion group Aeffe SpA on Thursday said fourth-quarter profits fell 17.3 percent, but eased concerns its business would slow further by reporting a 10 percent rise in sales of the spring-summer collections.
Aeffe, which operates the Alberta Ferretti, Moschino and Pollini brands and produces collections for Jean Paul Gaultier, said profits after financial items for the three months through Dec. 31 reached 762,000 euros, or $1.1 million, from 921,000 euros, or $1.3 million, a year ago.
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)