BERLIN — Douglas AG released its first financial details following its delisting from the German stock exchange. The company was taken private with investor Advent and the founding Kreke family earlier this year.
The Hagen, Germany-based parent company of retail chains — including Douglas Perfumeries as well as apparel, jewelry, confectionary and book stores — reported a rise in net sales of 0.5 percent to 3.5 billion euros, or $4.59 billion at average exchange rates, for its fiscal year ended Sept. 30.
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?"