MILAN — Two of the world’s largest eyewear firms reported results for the first quarter, with currency headwinds impacting Luxottica Group SpA while lower expenses helped boost Safilo Group.
Currency fluctuations contributed to a 1.2 percent decrease in net profits at Luxottica to 157 million euros, or $215 million, in the three months ended March 31. This compares with 159 million euros, or $210 million, in the first quarter of 2013.
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)