MILAN — Lackluster sales in Europe hurt Marcolin SpA’s profitability and sales in the first nine months of 2012. In the period ended Sept. 30, net profit dropped 32.4 percent to 11.7 million euros, or $15 million, from 17.3 million euros, or $24.2 million, in the same period last year.
Revenues decreased 3.6 percent to 162.5 million euros, or $208 million, from 168.6 million euros, or $236 million.
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?"