MILAN — Italian eyewear maker De Rigo saw its first-half profit drop on weakness at its U.K. retail unit Dollond & Aitchison, but competitor Safilo fared better in terms of sales and profitability.
De Rigo’s net profit for the six months ended June 30 fell 31.4 percent to $9.2 million from $13.41 million in the comparable 2001 period, hurt mostly by poor results at D&A. Margins at the unit suffered as a result of weak eyewear sales in the U.K., as well as delays and logistical problems stemming from a reorganization of its lens production, De Rigo said. On an operating level, De Rigo’s first-half operating profit dropped 16.8 percent to $18.4 million from $22.1 million.
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)