Estee Lauder Companies Inc said that it would buy Los Angeles-based Smashbox Beauty Cosmetics Inc to expand the prestige brand at home and internationally, but did not disclose terms.
Following the departure of Michael Herz and Graeme Fidler to Bally, Aquascutum has entrusted its creative direction to Joanna Sykes.
Sara Lee Corp said its chairman and chief executive, Brenda Barnes, will take a medical leave of absence, effective immediately.
Olivier Perruchot, director general of Piaget in France since 2001, has taken over the brand’s management in the United Kingdom. Furthermore, Piaget has announced the opening of a boutique in London in September.
Wal-Mart, the world's biggest retailer, has promoted Andy Clarke to be chief executive of British arm Asda, which is looking to stem a decline in market share in recent months.
UAE Jeweller Damas International said it was taking longer to recover the $55 million owed by its founders, the Abdulla brothers, due by April 30, but the delay does not mean a default.
Clothes-to-food retailer Marks and Spencer announced the departure of finance chief Ian Dyson, who will become head of pub group Punch Taverns.
The head of Britain's No. 2 fashion retailer Next said it was prudent to be very cautious on the 2010 outlook because it was inevitable that government action to tackle the budget deficit would hit consumer spending.
The owners of diamond group De Beers, including miner Anglo American Plc, are mulling a possible re-listing for the firm but feel the time is not yet right, sources close to the situation said.
Jean-Louis Dumas, who chaired the French luxury goods group Hermes for almost three decades until 2006, has died at the age of 72, his spokesman said.
Brioni, the go-to couturier for the likes of Donald Trump, Prince Andrew and Nelson Mandela, has soldiered on through the global recession doing what it does best, producing hand-sewn bespoke suits for men.
India gold futures were seen trading in a range this week with a positive bias on safe haven buying overseas, with traders awaiting the outcome of two-day U.S. Federal Reserve meeting for direction.
Rough diamond prices are likely to correct after a scorching rebound, but the long-term outlook is bullish due to future supply shortfalls, a diamond expert said.
A court-appointed commissioner said he had called for debt-laden Mariella Burani Fashion Group to be placed under special administration.
India gold futures may extend losses for a second straight week, weighed by expectations of a strong dollar overseas, which dims the yellow metal's appeal as an alternative investment, analysts said
