MILAN — Valentino Fashion Group forecast an uncertain and difficult year ahead, after operating profits fell 7 percent in 2008, but remains confident in its medium-term growth prospects.
The group, which owns Valentino and Hugo Boss and operates under license Marlboro Classics and M Missoni, said on Friday that operating profits for the 12 months through Dec. 31 decreased to 248.3 million euros, or $365.3 million. VFG did not disclose net earnings.
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)