LONDON — Givaudan said Friday first-quarter sales slid 7.3 percent to 976.1 million Swiss francs, or $852.7 million at average exchange for the three months ended March 31. Sales in local currency terms dipped 2.6 percent.
The Swiss flavors and fragrances firm said destocking throughout the supply chain drove the downturn.
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)