LONDON — Canny management at Compagnie Financière Richemont, parent of brands including Cartier, Dunhill and Van Cleef & Arpels, counteracted currency headwinds last year, and analysts say the future is looking rosy.
Full-year profits edged up 3.1 percent to 2.07 billion euros, or $2.77 billion, boosted by hedging gains in what remains a challenging environment for brands doing business in powerful currencies.
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)