LONDON — Compagnie Financière Richemont SA reported a 33 percent rise inthird-quarter revenues to 2.11 billion euros, or $2.87 billion, from1.59 billion euros, or $2.36 billion, in the same period last year.
Theupswing in sales for the three months ended Dec. 31 was thanks toparticularly high growth in the Asia-Pacific region, Richemont said, andthe impact of strong sales at Net-A-Porter, which Richemont acquiredlast year. Stripping out currency fluctuations, sales for thethree-month period grew 23 percent, while excluding the acquisition ofNet-A-Porter, sales grew 19 percent.
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)