BERLIN — Second-quarter net profits at German cosmetics and household products company Henkel surged 257 percent to 150 million euros, or $204.3 million at average exchange, primarily because of restructuring charges that had affected the company’s net earnings in the year-ago period.
Earnings before interest and taxes rose 145 percent to 279 million euros, or $380 million. However, after adjusting for onetime gains and restructuring and other charges, EBIT decreased 17.2 percent to 308 million euros, or $419.5 million.
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)