BERLIN — Investors reacted positively to the new restructuring program announced by German retail giant Metro on Tuesday, pushing shares up 8 percent to 26.27 euros, or $33.89 at current exchange rates, in trading in Frankfurt.
Metro said it aims to improve profits by 1.5 billion euros ($1.94 billion) until 2012 and beyond through the new program “Shape 2012.” All dollar figures are converted from the euro at current exchange rates.
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)