MILAN — Benetton Group SpA said Thursday that third-quarter net profits gained 12 percent and forecast upper-midsingle-digit revenues and earnings growth for the full year.
For the three months through Sept. 30, net profits reached 38 million euros, or $57.3 million, in line with analysts’ estimates. Revenues grew 6.9 percent to 538 million euros, or $810.6 million, buoyed by increased volumes, sales of higher value products, and gains in emerging markets, where the company has been opening stores.
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?"