TOKYO — Kao Corp. said Tuesday that its first-half net profit grew by 73.3 percent on a low comparative base resulting from an extraordinary loss it booked in the same period a year earlier.
Kao’s net profit for the six months ended June 30 totaled 31.65 billion yen, or $308.9 million at average exchange rates for the period. Last year’s extraordinary losses were related to the voluntary recall of more than 50 Kanebo brightening products, which were shown to leave white spots on the skin of some users.
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)