MILAN — A strong euro weighed on fourth-quarter sales of Luxottica Group SpA and, in a full-year 2017 trading update, the Italian eyewear company said revenues last year were up only 0.8 percent to 9.15 billion euros. This compares with 9.08 billion euros in 2016. At constant exchange rates, sales in the 12 months ended Dec. 31 increased 2.2 percent.
Free cash flow is expected to reach record levels and adjusted net income is expected to grow strongly, said Luxottica on Monday after trading hours in Milan, where it is publicly listed. Adjusted net income excludes the impact of adjusting items including restructuring and reorganization costs and non-recurring income and expense items. Luxottica said the performance was boosted by the group’s more efficient platform and greater business integration.
Ganni turned over a new leaf for spring 2019, reports @fionawsma from Copenhagen Fashion Week. Instead of sending its signature floral-print dresses down the runway, the brand collaborated with 66 North, a technical outerwear brand, and produced a chic-yet-utilitarian offering that included a tie-dye vest and short set, and leopard-print pieces sprinkled among the khaki parkas and bucket hats. #wwdfashion #ganni #copenhagenfashionweek
“I love ‘Kudos’ by Rachel Cusk that just came out,” said @katieholmes212 of what’s on her summer reading list. Head to WWD.com to read which books @lilireinhart, @dakotafanning and more are picking up this summer. #wwdeye (📷: @kukukuba)
“I’ve been an actress since I was like 10 or 12, and then I went to drama school. I have a technique, and I have a process that I bring to every role. And I can talk about it, but that kind of makes it less magic, and also when I talk about it, it makes me feel like I’m full of myself,” ‘Crazy Rich Asians Star’ Constance Wu tells @leighen .(📸: @emmanmontalvan: styled by @micaelaerlanger ) #wwdeye #crazyrichasians #constancewu