HONG KONG (Reuters)—Chinese shoe manufacturer Yue Yuen Industrial Holdings Ltd posted a 48 percent fall in first-half net profit as it booked provisions to improve employee benefits - steps it has taken after it suffered from a major strike earlier this year.
The strike was one of China's biggest this year, with thousands of Yue Yuen workers only agreeing to go back to work after the footwear maker for companies such as Nike Inc. and Adidas pledged to meet some of their demands for better benefits.
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)