LONDON — The Asian flu has struck once again, and this time it’s Compagnie Financière Richemont that’s suffering a headache.
The parent of brands including Cartier, Dunhill and IWC reported a 52.4 percent bounce in first-half profits, but revealed that sales in September — and in the current quarter — were slowing. It also said the second-half figures could fall victim to exchange-rate fluctuations.
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)