Exports of Swiss watches fell for a fifth month in row in March, with sales in the key markets of Hong Kong and the United States dropping fast as spending on luxury items shrank, data showed on Thursday 23 April.
Steven Madden Ltd raised its 2009 profit outlook and the shoe maker expects to report first-quarter results above market estimates, driven by the performance of the Steve Madden Womens and Madden Girl brands.
Shoe company Deckers Outdoor Corp posted better-than-expected first-quarter results, helped by strength in its UGG brand, but it forecast a second-quarter loss, sending its shares down more than 7 percent.
Shoe maker Wolverine World Wide Inc posted a first-quarter profit that beat market expectations, as strong sales at key brands and lower operating expenses helped offset some of the hit from unfavorable foreign exchange rates.
A booming market in counterfeit goods racked up sales of 7.1 billion euros in Italy last year, undermining high-end fashion brands and prized food products that Italy's economy thrives on, a study showed on Wednesday 22 April.
Luigi Murenu is getting ready to take on the role of artistic adviser for the haircare specialists John Frieda. The objective of the arrival of the celebrated Sardinian stylist is aimed at intensifying the global development of the brand.
Audrey Tautou, star of "Amelie," takes to French screens this week as the legendary designer Coco Chanel and, coincidentally or not, also takes over from Nicole Kidman as frontwoman for Chanel Number 5 perfume.
Diageo Plc, the world's biggest spirits group, would love to get its hands on Hennessy and Moet & Chandon, respectively the globe's best selling cognac and champagne, but the idea may need time to mature into a deal.
Coach Inc reported a lower quarterly profit on Tuesday 21 April as consumers cut back on discretionary purchases, but the U.S. handbag and accessories maker said sales were stabilizing at its North American stores, and it initiated a quarterly cash dividend.