BERLIN — Net profits for the Metro Group slipped 3.9 percent in the fourth quarter to 769 million euros, or $1.01 billion. Earnings for the three months ended Dec. 31, as well as the full year, were impacted by special charges related to the streamlining of the group’s Real supermarket network, plus writeoffs for the now-sold Adler fashion and Extra Hypermarket operations.
Operative profits (EBIT) increased 4.8 percent in the quarter to 1.37 billion euros, or $1.81 billion, while sales rose 2.9 percent to 20.11 billion euros, or $26.52 billion. Dollar figures are converted at average exchange rates for the respective periods.
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)