Bob McDonald defended Procter & Gamble Co.’s business model Friday, pointing to the prestige beauty business as an example of success. But the consumer product giant’s chairman, president and chief executive officer also acknowledged it will take some time to get the company back on the track it wants.
Fourth-quarter profits were flat in the company’s beauty division, and sales slipped as competition in North America and Western Europe heated up.
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)