Fourth-quarter profits at New York-based Inter Parfums Inc. fell by 40.8 percent as sales for the quarter ended Dec. 31 slumped 15.9 percent, compared with the same period a year ago.
Net earnings dropped to $5.1 million, or 17 cents a diluted share, from $8.6 million, or 28 cents, on sales that were down to $100.4 million from $119.4 million in the year-ago period. Results were below Wall Street analysts’ expectations of 21 cents a share, according to Yahoo Finance.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"