MILAN — Benetton Group SpA remains upbeat for the second half of 2009 despite reporting a 63.1 percent decline in first-half profits due to the rescheduling of shipments and unfavorable currency fluctuations in emerging markets.
“The combination of the good level of orders taken for the new fall-winter collection and actions currently in progress on the cost front thus allow reasonable optimism for the end of 2009 in respect of sales, profit and net indebtedness,” chief executive officer Gerolamo Caccia Dominioni stated Wednesday.
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)