LONDON — First-half net profits at Inditex, parent of fast-fashion brands including Zara and Massimo Dutti, climbed 0.7 percent to 951 million euros, or $1.25 billion, the company said, while the third quarter has got off to a solid start.
Sales were up 6.9 percent to 7.7 billion euros, or $10.09 billion, while sales in local currencies advanced 8 percent in the six months to July 31. The results were broadly in line with analysts’ projections.
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)