LONDON — Unilever — parent of brands including Alberto Culver, Tresemmé and Vaseline — said its net profits rose 1 percent in the 2011 fiscal year to 4.62 billion euros, or $6.1 billion, on the back of a 5 percent rise in revenues.
Chief executive Paul Polman said the gains came despite the negative impact of currency fluctuations. Turnover in the 12-month period rose five percent to 46.47 billion euros, or $61.34 billion. Dollar figures have been converted at average exchange rates for the period.
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)