Philip Green, the billionaire owner of Bhs department stores and the Arcadia group of fashion companies, said he has purchased a 28 percent stake in Moss Bros and was considering making an offer for the mens fashion retailer.
Bankrupt apparel retailer Harold's Stores Inc HRLS.PK will close all its 43 stores after a bankruptcy court approved plans for the chain to begin going-out-of business sales, liquidation adviser Gordon Brothers Group said on Tuesday.
Last year at this time, Kathy Johnson and her husband travelled to London and Paris, where she spent about $2,000 (1,288 pounds) on a shiny, red Louis Vuitton shoulder bag and a matching charm without much thought.
Watchmaker Fossil Inc posted better-than-expected quarterly results, but cut its fourth-quarter earnings outlook to reflect a weaker economy and pressure from the strengthening U.S. dollar, sending its shares down 6 percent.
Italian eyewear maker Luxottica Group SpA sees 2009 being difficult as consumer spending slows, its chief executive told Corriere della Sera newspaper, but added that the company would continue investing.
Germany's HDE retailers' group said it expected stagnating sales next year although they should still hold up in the 2008 Christmas season, Wirtschaftswoche magazine reported on Saturday. In advance extracts from an article for its Nov.
Online fashion retailer EBTM Plc said on Friday it expects to post a small operating loss for the first half, mainly on challenging trading conditions for its wholesale division, and its shares fell 38 percent in morning trade.