BERLIN — Negative foreign exchange rates and a difficult economic climate worldwide dampened the sales and profit performance of both the Wella and Beiersdorf Groups in the first half of 2002.
The Darmstadt-based Wella Group reported that sales rose 5.5 percent to $1.57 billion, but after adjustments for currency effects, sales would have grown 8.3 percent, the company said. All dollar figures are calculated from the euro at current exchange rates.
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)