MILAN — Marcolin SpA’s first-half financial results showed the Italian eyewear maker is weathering the difficult economy as the firm posted a net profit of 7.1 million euros, or $9.4 million, a slight decrease from profits of 7.5 million euros, or $9.9 million, in the same period last year. But sales in the first six months dropped 7.2 percent to 100 million euros, or $133 million.
Managing director and general manager Massimo Saracchi underscored that Marcolin remains profitable despite the recession. “Considering the continuing factors of uncertainty surrounding international markets, casting a shadow over short-term forecasts, we are braced for a particularly challenging third quarter with a recovery during the fourth,” said Saracchi. The executive also noted new eyewear collections under the Tod’s and Hogan brands will bow for spring-summer 2010 and will be launched in the fourth quarter. Revenues from these brands will appear in the fourth quarter.
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)