PARIS — Under siege from unions opposed to the sale of Printemps to Qatari investors, the management of the French department store chain on Tuesday unveiled a slew of measures designed to reassure its staff and pave the way for the transaction, due to be concluded in the next few months.
Printemps, which does not regularly publish revenues, reported that sales rose 5.7 percent in the 2012-13 financial year, and forecast revenues would hit the symbolic threshold of 2 billion euros, or $2.56 billion at current exchange, by 2017.
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)