Richemont, the world's second-biggest luxury products company, on Thursday May 20th posted an 18-percent rise in full-year net profit, and said it would separate its luxury business from the rest of its operations.
Women's apparel retailer Talbots Inc posted higher-than-expected quarterly operating earnings on Wednesday, due to a "dramatic improvement" in its merchandising gross margin, sending shares up as much as 15 percent.
Manchester United were crowned kings of Europe for the third time on Wednesday when they beat Chelsea 6-5 on penalties after a breathless all-English Champions League final had finished 1-1 after extra time.
Danish art student Nadia Plesner, being sued by the fashion house Louis Vuitton for depicting its handbag on a T-shirt, says her design has got more people talking about the Darfur conflict than she ever thought.
Producer prices excluding energy and food rose at the fastest pace since 1991 in the year through April, highlighting inflation concerns that could limit the Federal Reserve's options in shoring up a weak economy. The U.S.
Marks and Spencer's annual profits hit 1 billion pounds but the retailer cut its staff bonus, having failed to meet internal targets, and warned a slowdown in consumer spending could run until autumn 2009.
Danish art student Nadia Plesner, who is being sued by the fashion house Louis Vuitton for depicting its handbag on a T-shirt, says her design has got more people talking about the Darfur conflict than she ever thought.
Italian authorities are probing fashion designers Dolce and Gabbana,creators of luxury items ranging from clothes to beachwear, sunglasses, jewelry and mobile phones, for alleged tax evasion, a report said Saturday May 18th.