Silver prices tumbled on Monday, marking their biggest loss since late 2008, and gold fell more than 2 percent off a record high, extending earlier losses on news that al-Qaeda leader Osama bin Laden was killed in a U.S.-led operation in Pakistan.
Iconix Brand Group Inc has acquired the worldwide master license for the Ed Hardy brand from Nervous Tattoo. Through this transaction, the group will gain control of the licensing and marketing functions, and increase its total ownership stake in the Ed Hardy brand to 85%.
The Californian sportswear brand is strengthening its European teams - whose head office is based in Zurich, Sweden – in order to achieve its goal of boosting sales in its AFA division, which stands for apparel, footwear and accessories.
Myer Holdings , Australia's largest department store chain, reported a fall in first-half profit in line with its guidance and said sales in recent weeks were still down compared to a year ago despite improving after a shock drop in January.