LONDON — Johann Rupert is struggling to see the light at the end of the economic tunnel.
The executive chairman of Compagnie Financière Richemont SA, parent of such brands as Cartier, IWC, Chloé, Montblanc and Dunhill, said Thursday that sales in April, the first month of the new fiscal year, were down 19 percent due to strong comparative figures and the state of the world economy.
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)