NEW YORK — Better business controls and improved sales, particularly in its new fragrances, helped Elizabeth Arden Inc. increase its third-quarter profits.
Net income for the three months ended Oct. 26 rallied 12.8 percent to $37.7 million, or $1.64 a diluted share, when compared with income of $33.4 million, or $1.48, in the year-ago quarter. Sales grew 10 percent to $314.8 million over sales of $286.2 million.
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)