Nehmatullah Yusefy's burqa sales have dropped 50 percent since the Taliban were toppled in 2001 and he says he will soon need to start stocking other styles of Islamic dress to make up for lost profits.
Louis Vuitton's trading in the American market has been "resilient", whereas the chief executive of fashion group Dior said on Monday 6 July his company was not yet seeing signs of a recovery in the United States.
Mariella Burani Fashion Group has sold its 51% stake in Calgaro, part of the group’s Fashion Jewellery division, to FinHolding, owned by Giuseppe Calgaro and Monica Fin, meaning that Mr Calgaro will now hold 100% of the enterprise.
Latin American gold and silver producer Hochschild Mining Plc said it exercised an option to up its stake in Gold Resource Corp (GRC), buying a further 5 million shares for $20 million (12.2 million pounds).
Crabtree & Evelyn Ltd, a specialty retailer known for its soaps and other personal care products, filed for Chapter 11 bankruptcy in the United States as the tough economy led to falling sales and rising losses.
Gold miner Aurum Mining Plc said it granted options to sell both its 80 percent stake in the Andash gold-copper mining project and its ancillary assets for $15 million to Australia-based Kentor Gold Ltd.