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.
Retailers are experiencing the worst economic downturn in living memory, according to a straw poll of delegates at the World Retail Congress in Barcelona. But some of them are seeing signs that recovery is on the way.
Wal-Mart, the world's largest retailer, is restructuring its management in China, in measures that could lead to staff cuts. "We are slashing one layer of mid-level executives off the five-layer executive structure established when we entered China 13 years ago," said a spokesman