PARIS — France's Carrefour on Thursday reported higher profits and trumpeted 2008 as a "breakthrough" year during which it would speed growth and spin off its property portfolio.
The hypermarket operator said net profits in 2007 grew 1.4 percent to 2.29 billion euros, or $3.15 billion at average exchange, from 2.27 billion euros, or $2.85 billion, a year ago, fueled by China and Brazil. Full-year sales advanced 6.8 percent to 82.15 billion euros, or $112.61 billion, from 76.89 billion euros, or $96.59 billion.
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?"