LONDON — Burberry Group plc saw first-half profits climb 13.1 percent to 74.8 million pounds, or $144.4 million, but the company is bracing for a slowdown in the second half and warned year-end earnings may be at the low end of market expectations.
Sales for the period rose 20 percent to 539.1 million pounds, or $1.04 billion. The results compare with profits of 66.1 million pounds, or $132.4 million, on sales of 449.1 million pounds, or $899.5 million, in the corresponding period a year earlier. All figures have been converted at average exchange rates for the respective periods.
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)