Italy's Safilo is laying off workers and cutting production facilities, worrying the government as unemployment soars, and extra cash is looking like an urgent priority for the maker of Gucci sunglasses.
Belgian speciality textile group Sioen Industries reported an 82.2 percent nosedive in 2008 net profit, missing market expectations and prompting it to slash its dividend, and gave a cautious outlook for the future.
Women's plus-size apparel retailer Charming Shoppes Inc posted a narrower-than-expected fourth-quarter loss, but said it will eliminate some of its non-core assets, including its Figure Magazine and website shoetrader.
South Korea warned Wednesday March 18 that it would respond with decisive action if Pyongyang again blocked access to a joint factory park in North Korea, but said it was too early to consider shutting the project down.
Gianfranco Ferre and Malo could be up for sale as financially-strapped owner IT Holding seeks a way out of special administration. A source close to the matter told the company was likely to refocus on production licences through its Ittierre unit.