The emerging markets miracle will not be enough to prevent 2008 from being the year the Swiss watchmaking industry will suffer its first significant slowdown in half a decade. And 2009 is not looking any better.
Marks & Spencer will open its first store in mainland China on Oct. 2, the same day as a keenly-awaited trading update, in the latest move by an international retailer into the world's most populous country.
Italy's Mariella Burani Fashion Group is focusing on organic growth, looking to expand its leather brand Mandarina Duck in emerging markets, Chief Executive Officer Giovanni Burani said on Wednesday, September 24th.
Underwear maker Hanesbrands Inc said it will close nine North American plants as it looks to shift manufacturing to lower-cost regions -- a move that will affect about 8,100 employees, or 16 percent of its workforce.