MILAN — Hurt by slow demand in markets such as Japan and Russia, Italian jewelry firm Damiani SpA reported a net loss of 7.4 million euros, or $10.5 million, in the first nine months ending Dec. 31.
This compares with a net profit of 7.7 million euros, or $11 million, in the same period the previous year. Consolidated revenues fell 6.6 percent to 118.4 million euros, or $169.3 million, from 126.8 million euros, or $182.5 million, the year before.
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)