MILAN — Costs related to its initial public offering dented Brunello Cucinelli SpA’s net profits, causing them to drop to 7.6 million euros, or $9.8 million, in the first half from 8.8 million euros, or $12.7 million, in the corresponding period last year.
However, “normalized” net profits, which do not include the non-recurring expenses incurred for the IPO, gained 35.1 percent to 11.9 million euros, or $15.3 million, in the period ended June 30, compared with 2011. The company went public on the Italian Stock Exchange on April 27.
WWD asked a handful of creative directors to evaluate the September covers of leading women's fashion magazines. How do they think the covers this year compare with years gone by, and what do they say about the current status of the publication? Link in bio. (GIF by @hypebreast)
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