MILAN — Four months after it revealed plans to go private, Benetton Group said Tuesday it will delist from the Italian Stock Exchange as of May 31.
In its last public set of financial results, which refer to the first quarter of the year, the Italian apparel manufacturer and retailer noted that increased costs of raw materials, such as cotton and wool, and slow economies in the group’s main markets, such as southern Europe, hurt its bottom line. In the three-month period ended March 31, the group’s net profit dropped 48 percent to 10 million euros, or $13.1 million, from 19 million euros, or $26.6 million, in the first quarter last year.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)