MADRID — It’s no surprise Spanish fashion designers are feeling the squeeze.
The Spanish government is imposing stiff austerity measures that include a new 21 percent sales tax, while the already-staggering unemployment rate could climb an additional 2 points to 26.5 percent by the end of next year, according to local media reports.
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)