The bottom line swung back to profitability for the luxury outwear marker, posting €58,724,000 ($70.8 mm) in net income for the first half against last year’s loss of €31,632,000, on revenues that climbed 54% to €621,768,000 ($749.1 mm) from €403,334,000. The top line figure includes Q2 sales from the Stone Island brand, following the acquisition of parent firm Sportswear Company S.p.A. on March 31. Stone Island contributed sales of €56,228,000, and approximately €88.1 million in Q1. All markets and channels reported growth for the second quarter. Wholesale accounted for 72% of brand sales, while the DTC channel saw strong e-commerce ... Log in to view full article.