MILAN — Italia Independent Group SpA, the fashion group controlled by Fiat heir Lapo Elkann, on Thursday showed it remained on a strong growth path as it reported a double-digit jump in net profits and sales for the first six months of the year.
In the first half, the company, which listed on the AIM segment of Italy’s stock exchange in June, said net profit increased by 53 percent to 929,000 euros, or $1.22 million, while net sales rose 65 percent to 13 million euros, or $17.03 million.
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)