Helped by reduced losses in the U.S., net profits at Swedish behemoth Hennes & Mauritz vaulted 43.1 percent to $118.7 million, or 14 cents a share, in the first quarter ended Feb. 28. This compares with $82.9 million, or 10 cents a share, a year ago.
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)