MILAN — Boosted by growth across brands and categories, in particular its footwear division, Tod’s SpA posted a 16.9 percent increase in net profits during the first half to 40.7 million euros, or $62.3 million, on a 9.7 percent rise in sales to 347 million euros, or $530.9 million.
Diego Della Valle, chairman and chief executive officer, described first-half sales as “outstanding.” Despite the challenging economic environment, Della Valle said the “effectiveness of the group’s strategy” allows the company to continuously improve its results and its operating profitability.
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)