MILAN — Many luxury stocks have been having a tough time of late, but Bulgari seems to be especially hard hit.
Once a high-flying market star with sought-after multiples, Bulgari has hit a stall. Slumping demand for watches, compounded by Bulgari’s reliance on flashy, fashion-driven collections — which have shorter shelf life than those of its competitors — have also sliced into sales at the family jeweler, some analysts said.
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)