BERLIN — The Henkel Group posted an 86.7 percent leap in second-quarter net income to 280 million euros, or $357.3 million at average exchange.
The group, which comprises cosmetics and toiletries, laundry and home care, and adhesive technologies divisions, said the surge in profits was due to increased earnings before interest and taxes, which rose 51.2 percent to 421 million euros, or $537.2 million. The EBIT gains, in turn, were buoyed largely by improvement in the firm’s adhesive technologies sector.
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)