LONDON — Solid sales in the U.S. coupled with a demand for jewelry helped Compagnie Financière Richemont AG post better-than-expected results for the first half ending Sept. 30.
The Swiss luxury goods group said in a statement Thursday that net profit fell 18.5 percent to $132 million from $162 million, owing chiefly to a double-digit decrease in operating profit. Sales declined 3 percent to $1.78 billion from $1.84 billion euro. Excluding the negative impact of exchange rates, however, sales increased by 1 percent.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
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