Propelled by fast-paced expansion in new European markets, Esprit Holdings Ltd. translated robust increases in revenues into gains in profitability.
For the 12 months ended June 30, net income rose 24.5 percent to 6.45 billion Hong Kong dollars, or $827.6 million, from 5.18 billion Hong Kong dollars, or $664.5 million, during the prior year. Earnings per diluted share were 5.15 Hong Kong dollars, or 66 cents, versus 4.16 Hong Kong dollars, or 53 cents. Figures have been converted at average exchange rates for the respective periods.
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)