MILAN — Tod’s SpA said Thursday that net profits in the six months ended June 30rose 21.6 percent to 52.4 million euros, or $69.7 million at average exchange, compared with the same period last year, driven by gains in its core footwear business and in all markets globally.
As reported at the end of July, revenues in the first half grew 5.2 percent to 377.5 million euros, or $502 million at average exchange, boosted by an acceleration in the second quarter, when sales climbed 7.4 percent.
Chairman and chief executive officer Diego Della Valle said the first six months of the year “delivered excellent results, in line with our expectations: acceleration of the sales growth, with a strong predominance of full-price sales versus promotional ones, [and] significant increase of the operating profitability.”
Della Valle went on to predict even stronger results in the second half.
By label, the Tod’s brand saw sales rise 8.4 percent to 195.9 million euros, or $260 million, accounting for more than half of group revenues. Hogan sales grew 4.2 percent to 137.5 million euros, or $182.8 million. Apparel brand Fay showed an 11 percent decline to 34.3 million euros, or $45.6 million, affected by a different timing in spring-summer deliveries. Sales of Roger Vivier rose 28.3 percent to 9.5 million euros, or $12.6 million. However, the company said that over the next few seasons, “the brand will remain focused on consolidating its exclusivity and prestige; therefore, the analysis of the sales trends is not fully meaningful.”
Dollar figures are converted at average exchange rates for the periods to which they refer.
In the first six months of the year, the group invested 16.1 million euros, or $21.4 million, compared with 21.3 million euros, or $29.6 million, in all of 2009, mainly related to the expansion and refurbishment of its DOS network. These includeopenings in Asia, the enlargement of the Tod’s boutique in Munich and the complete refurbishment of the Tod’s store on Rodeo Drive in Los Angeles.
As of June 30, the company’s net cash position totaled 200.3 million euros, or $266.4 million.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)