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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"