LONDON — Stella McCartney Ltd., the U.K. division of Stella McCartney, saw net profits rise 17.8 percent to 2.1 million pounds, or $3.3 million, in the year to Dec. 31, 2009, from 1.79 million pounds, or $2.8 million, in the previous year.
Frederick Lukoff, president and chief executive officer, attributed the rise in profits to “consistent, strong ready-to-wear collections,” coupled with strong accessory sales, particularly of the label’s Falabella bag.
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)