LONDON — Burberry Group PLC posted a strong first half, with sales in all product categories and geographic regions on the rise, but it’s paying the price for going public.
Net profit in the six months ended Sept. 30 slid 36 percent to $25.3 million from $39.3 million due to exceptional charges linked to Burberry’s initial public offering in July. However, the company said those charges will have no cash impact and no impact on the company’s net asset value.
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?"