Fifth & Pacific Cos. Inc. on Thursday posted fourth-quarter and full-year results.
For the three months ended Dec. 29, net income was $57 million, or 47 cents a diluted share, from $229.2 million, or $1.91, a year ago. On an adjusted basis for both periods, earnings before interest, taxes, depreciation and amortization were $69 million versus $56 million a year ago.
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?"