LONDON — French Connection Group plc reported a net loss of 16.4 million pounds, or $29.6 million, in the 12 months ended Jan. 31, compared with net profits of 1.6 million pounds, or $2.8 million, a year earlier.
Sales rose 5 percent during the year, to 248 million pounds, or $448 million, from 236.1 million pounds, or $427 million. Dollar figures have been calculated at average exchange rates for the periods to which they refer.
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)