By Damien McGuinness BERLIN — German sportswear giant Puma AG, majority owned by PPR, reported an increase in second-quarter net profits on Thursday, thanks to a rise in global sales.
The Herzogenaurach-based company, which is the world’s third-largest sporting goods brand, saw net income rise by 0.9 percent over the second quarter to 45.6 million euros, or $71.1 million. Dollar figures are converted from euros at average exchange rates for the period.
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)