MILAN — High exposure to the U.S. market hit Luxottica Group SpA for the second straight quarter, but the Italian eyewear giant still expects to meet its full-year targets.
Luxottica, which has eyewear licenses with Chanel, Dolce & Gabbana, Prada and Versace, among others, said Thursday that second-quarter earnings fell 14.2 percent to 132.6 million euros, or $208 million at average exchange, hurt by the dollar’s slide against the euro and the slowdown in consumer spending, particularly in North America.
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?"