PARIS — France’s Groupe Clarins’ stock lost one-sixth of its value on the Paris Bourse since the firm warned Monday that first-half operating profits could drop 40 percent from year-ago levels.
Clarins said in a statement that its "preliminary, nonaudited, first-half 2002 operating profit shows a drop of around 40 percent versus the 2001 first-half level." It cited "the low overall level of activity, the significant underperformance of the perfume distribution and couture divisions, and an increase in the group’s overhead expenses" for the expected reduction.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"