PARIS — Swatch Group reported a record net profit in 2010 despite adverse currency effects, as sales of Swiss timepieces reached new peaks.
The world’s largest watchmaker said net income jumped 41.5 percent to 1.08 billion Swiss francs, or $1.04 billion. Its operating margin rose to 23.5 percent in 2010 from 17.6 percent in 2009 as strong demand kept its factories buzzing.
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)