Profits in The Procter & Gamble Co.'s beauty business gained solidly in the fourth quarter despite a dip in sales.
The consumer products giant said the division's net earnings from continuing operations gained 23 percent to $498 million for the quarter. But net sales fell 5 percent to $4.63 billion, with organic sales slipping 3 percent and currency exchange making up the balance of the decline.
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)