MILAN — Benetton Group SpA on Thursday forecast a higher-than-expected net profit of 120 million euros, or $166.8 million, for 2009. The Italian clothing company said the growth was achieved through a strategy aimed at “improving cash generation, offsetting nonrecurring charges and the expected increase in taxes with a steep reduction in financial expenses.”
Consolidated revenues for last year saw a 3.6 percent drop to 2.05 billion euros, or $2.85 billion, compared to 2.12 billion euros, or $3.12 billion, in 2008, hit by sluggish sales in Europe, which were counterbalanced by a growth in emerging markets, India and China in particular.
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?"