Benefits of Marriage: Federated Net Up 59%, Boosted by May Deal
The merger of Federated Department Stores and May Co. reaped hefty profits from robust sales in the fourth quarter, as well as the year.
From This Issue
Some of the best looks on the Milan runways reinforced a revitalized minimalist message, from austere coats to supple jackets to low-key dresses. But they weren’t the only game in town — feminine, bohemian looks were in play, too.
The company’s fragrance sales grew 14.1 percent to 280 million Swiss francs, or $215 million, in the quarter, while its flavors business increased 11.4 percent to 412.1 million, or $316.4 million, against the year-ago period.