Italian fashion group IT Holding has signed a nonbinding accord with China's Mensun Ltd for the possible sale of assets and has named a new chief executive, IT said on Thursday.
Playboy Enterprises Inc plans to continue "aggressive cost cutting" across the company in 2009 but outlined growth prospects for products such as Playboy underwear and new products such as fragrances, according to Chief Financial Officer Linda Havard.
The iconic black and white keffiyeh, or Arab headdress, famously donned by late Palestinian president Yasser Arafat has hit the streets of Beirut in a rainbow of colours -- much to the chagrin of older Palestinians.
Apparel retailer Talbots Inc said on Monday its chief financial officer is retiring and will be replaced by its newly appointed chief operating officer, who will hold both roles.
Music doesn't account for a large portion of Hot Topic's overall business. In fact Betsy McLaughlin, the CEO of the teen apparel and lifestyle retailer, says music CDs and DVDs are only "a single-digit part of what we sell."
IT Holding , the Italian company behind fashion brands including Malo and Gianfranco Ferre, mandated its chairman to continue exclusive talks with Chinese businessman Billy Ngok until the end of the year.
Slowing purchases of clothing and accessories may spur consolidation in the fashion industry, Liz Claiborne Inc's chief executive said on Friday, but the owner of the Juicy Couture and Kate Spade brands is not looking to make acquisitions right now.
Stella McCartney, one of the only luxury fashion houses that does not use animal furs and leather, has poached the business development director of Lanvin to lead the British fashion brand, part of the Gucci Group.
Italian jeweller Bulgari anticipates a "bad Christmas" in terms of sales and a difficult year next year, Chief Executive Francesco Trapani said on Friday. "October was very difficult.
JD Sports Fashion Plc , the British sports and fashion retailer, is considering a bid for struggling rival JJB Sports Plc , according to a source familiar with discussions between the two companies.
Italian luxury shoe and bag maker Tod's SpA will have "an optimal" 2008 if the current trend continues, or even if it slows a little, Chairman and Chief Executive Officer Diego Della Valle said on Tuesday.
A former executive of a company working with fashion giant Tommy Hilfiger was sentenced Friday to more than five years prison for embezzling 19 million dollars.
For years the undisputed leader at high-end hair salons, L'Oreal is losing its shine as hair stylists turn to cheaper products from rivals such as Germany's Wella and Schwarzkopf to weather an economic downturn.
Swatch Group , the world's largest watchmaker, is still optimistic for growth in all its divisions in 2009, despite the economic slowdown, its chairman Nicholas Hayek was quoted as saying on Monday.
Italian eyewear maker Luxottica Group SpA sees 2009 being difficult as consumer spending slows, its chief executive told Corriere della Sera newspaper, but added that the company would continue investing.
