MILAN — Italian eyewear maker Safilo SpA on Monday reported a third-quarter net loss of 4.7 million euros, or $6.8 million, compared with a loss 400,000 euros, or $507,920, a year ago, following a negative accounting adjustment as the euro slid against the dollar in the period.
Net sales dropped 3.2 percent in the quarter, to 230.2 million euros, or $326 million, also impacted by currency issues and the sale of the group’s retail chain in Mexico, which took place at the end of 2010.
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)