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.
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?"