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Tod’s Surprises With Worse-Than-Expected Profit, Sales Fall

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Milan—Tod’s disappointed on Thursday with a larger-than-expected fall in first-half core profit on lower revenue, as negative currency effects added to a weak performance in China and the United States. First-half earnings before interest, tax, depreciation and amortization (EBITDA) were down 20% to 103 million euros (about $138 million), below …

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Italian Fashion Leaders Join Forces to Promote Italy as Fashion Destination

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Milan—Concerns that Milan Fashion Week may becoming overshadowed by New York, London and Paris has prompted a group of high-profile Italian brands to ban together to promote Italian fashion. Known as the Camera Nazionale della Moda Italiana (CNMI), the association’s board, referred to as “senators,” aim to raise Milan’s profile …