LONDON — Losses in the first half at French Connection Group plc increased to 11 million pounds, or $16.8 million, from 3 million pounds, or $4.6 million, as the high-street retailer and wholesaler continues to trim overhead and jettison loss-making businesses.
The company said Thursday revenue in the six months to July 31 grew 4 percent to 116.9 million pounds, or $178.3 million, from 112.4 million pounds, or $171.5 million, thanks to the consolidation of the Japanese business and store openings in the U.K. and Europe. Dollar figures have been calculated at average exchange rates.
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)