German sporting goods maker Puma gave a subdued outlook for the soccer World Cup year of 2010, saying it expected the overall environment to remain tough, after posting a weaker-than-expected finish to 2009.
Governments worldwide will have little choice but to raise taxes on the rich to address ballooning deficits, a development that would harm luxury spending in the coming years, said Hermes's chief executive, Patrick Thomas.
German premium fashion house Hugo Boss sees growing signs that the fashion industry has turned the corner and expects it to get back to past growth rates from 2011 as well-heeled shoppers splash out again.
Thailand's PTT Aromatics and Refining (PTTAR) said it had rescheduled a major shutdown for maintenance of its 1.19 million tonnes aromatics plant to June from March. "Earlier we had planned the shutdown for March.