Fashion retail giant Hennes & Mauritz reported on Friday 15 May a slightly bigger than expected 8 percent year-on-year rise in sales at established stores in April as spring purchases finally took off.
Bulgari shares tumbled 6.2% by the evening of Wednesday 13 May, to €3.8925. The Italian group has been sanctioned by investors for its first quarterly loss in ten years after the announcement at the end of the evening.
The subsidiary of Italian group Marcolin, Marcolin USA, is welcoming Riccardo Cadorin as vice-president of sales. He will head up sales teams based in the USA for the label’s lines of luxury and casual sunglasses.
LVMH is to take a minority stake in Edun, the ecological and ethical fashion start-up founded by Irish singer and campaigner Bono and his wife, the world's biggest luxury group said on Thursday 14 May.
Fashion retailer Esprit Holdings Ltd on Wednesday 13 May said retail store sales rose 6 percent year on year for the nine months ended March 31, of which Europe posted the biggest increase of 6.9 percent.
Li & Fung plans to expand its health, beauty and cosmetics business through acquisitions, aiming to double revenue from the sector to $1 billion by 2010, Managing Director William Fung said on Wednesday 13 May.
Fashion company Liz Claiborne Inc reported a quarterly loss deeper than Wall Street expected as retail sales remained weak in the recession, and its shares fell nearly 12 percent in light premarket trading.
Safilo's first-quarter net profit slumped 87 percent, hit by the consumer slowdown, and the Italian eyewear maker said it expected a difficult second quarter before some possible improvements later in the year.