BERLIN— Following the company’s best recorded year in its 135-year history, Henkel AG & Co. reconfirmed its financial targets for 2011.
At Henkel’s annual meeting today in its hometown of Dusseldorf, chief executive officer Kasper Rorsted said the company expects to achieve organic growth of between 3 and 5 percent in 2011, an adjusted EBIT margin of approximately 13 percent and a rise in adjusted earnings per preferred share of about 10 percent.
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)