MILAN — Lackluster sales in Europe and the U.S. were offset by gains in the rest of the world and helped Aeffe SpA close the first quarter of the year with growth in net profit despite a decrease in revenues.
In the three months ended March 31, the Italian fashion group posted a 6.1 percent rise in net profit, which reached 2 million euros, or $2.6 million, compared with 1.9 million euros, or $2.5 million, in the same period last 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)