MILAN — Heavy destocking in its wholesale channel, lackluster performance across product categories and the global financial crisis weighed on Bulgari SpA’s bottom line, which showed a net loss in 2009 of 47.1 million euros, or $65.4 million, compared with a profit of 82.9 million euros, or $121.8 million, the year before.
Revenues in 2009 dropped 13.8 percent to 926.6 million euros, or $1.28 billion, compared with 1.07 billion euros, or $1.57 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)