PARIS — Swatch Group blamed a negative currency environment, high marketing expenses and a fire at one of its manufacturing plants for an 11.5 percent drop in first-half net income to 680 million Swiss francs, or $763.2 million.
Operating profits sank 8.8 percent to 910 million Swiss francs, or $1.02 billion, while operating margin came in at 20.2 percent, down 250 basis points from the same period a year earlier.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"