LONDON — It was poor news all around for Compagnie Financière Richemont AG on Thursday — and executive chairman Johann Rupert is taking his share of the blame.
In the fiscal year ending March 31, Richemont’s net profit plummeted 22.3 percent to $758 million from $975 million stemming from a combination of falling sales, a rising euro, losses in the Alfred Dunhill and Lancel divisions, restructuring and investment costs.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"