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.
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)