MILAN — Shares of Italy’s Safilo Group SpA fell to their lowest-ever level on the Milan Bourse Thursday, a day after the company revised down its full-year outlook after the declining dollar and a weak performance in Europe reduced second-quarter earnings by more than a third.
Safilo’s stock dropped 16.1 percent to 97 cents euro, or $1.51 at current exchange.
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)