MILAN — Lifted by gains in Asia and at retail, Salvatore Ferragamo Group returned to the black in 2010 and posted sales that hit the $1 billion mark.
Salvatore Ferragamo Italia SpA, parent company of the group, said that in the year ended Dec. 31, net profit totaled 60.8 million euros, or $80.2 million, compared with a loss of 14.7 million euros, or $20.4 million, in the previous year.
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)