BERLIN — As expected, fiscal 2008 remained a tough year for Escada, with operative earnings falling 71.1 percent and group sales declining 15.1 percent.
Earnings after taxes are still being assessed, but Escada said the clear decline in sales plus restructuring expenses would translate into a net loss exceeding last year’s 27.3 million euros, or $40.9 million. All dollar figures are calculated from the euro at an average exchange rate for the period.
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)