TOKYO — Japanese apparel giant Onward Holdings said Friday that its net profit for the nine months ended November 30 grew by 6.4 percent to 4.64 billion yen, or $58.09 million at average exchange rates for the period.
The company benefitted from a low comparable base for net profit. The previous year's nine-month net profit slid 7 percent on a series of expenditures, including some related to the March 2011 earthquake.
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)