MILAN — IT Holding on Wednesday reported a net loss of 9.9 million euros, or $15.1 million, in the first half of 2008, compared with net profits of 1.7 million, or $2.2 million, in the same period a year ago.
Sales showed a 4.7 percent drop to 304.3 million euros, or $465.5 million, in the first half, compared with 319.2 million euros, or $421.3 million, in the same period last year. Dollar figures were converted from the euro at average exchange rates for the period to which they refer.
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)