The currency bogeyman is back, and has plans to wreak increasing havoc on European luxury — and high-street — companies’ global revenues.
Few companies have escaped his touch. Firms from Salvatore Ferragamo to Tod’s, Hermès to Adidas and Wal-Mart Stores Inc. to L’Oréal have flagged currency fluctuations as a drag on top- and bottom-line growth in 2013 — and for the year ahead.
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)