MILAN — Benetton Group on Thursday reported a 21.8 percent decline in net profit to 122 million euros, or $169.6 million, last year, compared with 155 million euros, or $227.8 million, in 2008.
In 2009, as the Italian clothing manufacturer focused on investments aimed at developing its network of commercial partners, strengthening service, costs and product sourcing, Benetton’s revenues fell 3.7 percent to 2.04 billion euros, or $2.8 billion, compared with 2.12 billion, or $3.12 billion, in 2008.
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)