MILAN — Growth in all markets except Italy and gains at its retail and wholesale channels helped Brunello Cucinelli SpA close the first nine months of the year with a 25.3 percent increase in net profits, excluding nonrecurring costs associated with its initial public offering in April.
In the period ended Sept. 30, earnings reached 21.3 million euros, or $27.2 million. Including the IPO expenses, the Italian luxury company posted a net profit of 17 million euros, or $21.7 million, in line with the same period last year.
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)