MILAN — Bulgari’s first-half net profit plunged 53.2 percent as it trimmed full-year targets and warned there won’t be a significant recovery in business until next year.
Against the backdrop of a marked decline in tourism and weak sales at third-party retailers, net profit for the six months ended June 30 fell to $22.2 million from $47.3 million the year before. Sales contracted 5.7 percent to $332.2 million from $352.4 million the year earlier. Earnings before interest and taxes dropped slightly less, to $32.4 million from $60.6 million.
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)