LONDON — Swedish direct seller Oriflame reported its fourth-quarter profits increased 6 percent to 41.5 million euros, or $61.3 million, as sales in the three months ended Dec. 31 decreased 2 percent to 382.5 million euros, or $565 million. Sales in local currencies grew by 14 percent.
Dollar figures have been converted at average exchange for the period.
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?"