GlaxoSmithKline has poached a top executive from French cosmetics group L'Oreal as president-designate of its consumer healthcare unit, underscoring the drugmaker's diversification drive.
India's gold futures may trade lower this week tracking weak overseas prices and on the back of a rate hike in India last week.
Versace, the Italian fashion house seeking to turn the page on its chequered past, is on track to be profitable by 2011 and family owners have no intention of selling their shares, its chief executive said.
Some of Europe's top luxury stocks may have doubled in value from their March 2009 nadir but their ascent should continue, boosted by upgraded earnings forecasts, a Julius Baer fund manager said.
Italian clothing retailer Benetton Group SpA said its chief executive would leave after nearly three years at the helm and said it would distribute a lower dividend as it confirmed a drop in yearly net profit.
Sports equipment maker Nike and French soccer club Paris Saint-Germain faced trial in Paris on charges of hiding payments to attract top players, including Nicolas Anelka and Gabriel Heinze.
The head of SuperGroup, the company behind the Superdry fashion brand worn by celebrities such as David Beckham and Zac Efron, has big ambitions to make it a global player.
Diversified consumer products company Fortune Brands Inc said it was selling its Cobra brand of golf equipment to German sportswear maker Puma AG
Fashion retailer Hennes & Mauritz AB has started 2010 in a "good financial position" and the year could prove better than last, albeit still challenging globally, its chief executive said.
After a tough 2009, the head of French fashion house Yves Saint Laurent thinks it is too early to be optimistic despite growing signs consumer spending is on the rise.
Shares of Zale Corp rose nearly 17 percent after The Wall Street Journal quoted the jewelry retailer's largest shareholder as criticizing former CEO Neal Goldberg.
Consumer goods maker Unilever Plc will pay a "golden hello" of nearly 3.3 million pounds ($5 million) to its new Chief Financial Officer Jean-Marc Huet to compensate him for lost incentives from his former employer.
Jewellers sold back some of their holdings to take advantage of firm bullion prices, while gold bars were offered at a discount for the first time in two months in Tokyo as selling persisted.
Fashion house Christian Lacroix may be bankrupt but the brand lives on thanks to new licence deals in areas such as furniture, eyewear and upmarket stationary, the chief executive of the company said.
Loss-making luxury fashion manufacturer and retailer Aquascutum, best known for its patented check pattern and trench coats, said that two top designers had resigned.
