MILAN — Giorgio Armani SpA said net profits last year climbed 12.8 percent to 181.6 million euros, or $252.4 million, compared with 160 million euros, or $211.2 million, in 2010.
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 8 percent to 349.9 million euros, or $486.3 million. The figures are contained in the Italian firm’s just-released annual report for the year ended Dec. 31.
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)