LONDON — The Christmas season wasn’t particularly jolly for Compagnie Financière Richemont, parent of brands including Cartier, Van Cleef & Arpels, IWC and Dunhill, as exchange rates hampered third-quarter sales.
In the three months to Dec. 31, sales rose 2.8 percent to 2.94 billion euros, or $4 billion, with the company notching strong demand from the Americas and Japan, and lower sales in Mainland China and sluggish wholesale growth.
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)