Fashion clothing maker Kellwood Co, owned by private equity firm Sun Capital, said on Thursday 16 July it failed to renegotiate and extend a crucial $140 million bond issue before it matured.
With the launch of a website for online sales and the opening of a first boutique, Barbara Rihl, designer of bags and accessories, certainly has had good news to smile about of late.
British luxury goods group Burberry met forecasts with a 4 percent fall in first-quarter underlying revenues and said it was taking market share in a tough trading environment.
African miners Randgold Resources Ltd and AngloGold Ashanti teamed up to make a counterbid worth C$546 million ($488 million) for Moto Goldmines, which owns a project in the Democratic Republic of Congo.
Swatch Group, the world's largest watchmaker, has seen sales fall 10-20 percent for luxury brands like Breguet and Blancpain, Chief Executive Nick Hayek was quoted as saying.
Gem Diamonds Ltd said first-half sales from its South African and Australian mines were lower due to strong currencies, and that it remained cautious about demand in the United States, but its cash position was strong with no debt.
Mothercare, the British baby products retailer, bucked the recession with improved first-quarter sales driven by a growing international business and a weaker currency.
Brazilian cosmetics maker Natura said its shareholders may raise as much as 1.57 billion reais ($811 million) from the sale of shares in a secondary offering.
Shoe maker Wolverine World Wide Inc reported quarterly profit in line with expectations, helped by strong sales at its Merrell brand and recently- acquired Chaco brand, and raised its 2009 outlook.
Levi Strauss & Co, maker of Levi's jeans and Docker's khakis, swung into the red in the second quarter as currency fluctuations and soft global sales took a toll on the bottom line.
British luxury goods group Burberry met forecasts with a 4 percent fall in first-quarter underlying revenues and said trading conditions remained challenging.
Swedish fashion chain Hennes & Mauritz reported a bigger than expected 5 percent year-on-year fall in sales at established stores in June.
Johnson & Johnson's second-quarter earnings fell almost 5 percent, but profit and revenue beat analyst forecasts helped by surprisingly resilient pharmaceutical and consumer product sales.
Brioni stayed largely on course in 2008 with a decrease of 3% in its income. The luxury group, which has recently named Andrea Perrone as CEO, is now planning to accelerate its development in Asia and the Middle East.
In the third quarter Estée Lauder saw its net results plunge by 70%, reaching $27.2 million. Its quarterly turnover shrank by 10% to $1.7 billion.
