MILAN — Citing poor market conditions in North America and Europe as well as high investment costs for its network of stores, Jil Sander recorded a net loss for the first half of the year.
The German design house posted a first-half loss of $13.4 million, compared with a slight profit of $73,679 in the year-earlier period. The first-half loss eclipsed the $10.5 million full-year loss in 2001. Dollar figures have been converted 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)