Ermenegildo Zegna Group said profits declined in 2008 although international expansion delivered higher revenue.
Including extraordinary items, net profit fell 10.6 percent to 62.3 million euros, or $91.7 million. Revenues rose 3.2 percent to 870.6 million euros, or $1.28 billion, as emerging markets offset softening sales in the U.S. and Japan. Dollar figures have been converted from the euro at average exchange rates for 2008.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"