Rumours about the influx of new capital from a large group or investment fund have come to an end. De Grisogono will with Fawaz Gruosi, the founder, who will hold 49%, whilst 40% will be ceded to “a pool of investors, composed of friends and family”.
Teen-clothing retailer Hot Topic Inc posted April same-store sale results that missed estimates, even though monthly sales rose, as sales at its Torrid stores and women's segments weighed down on performance.
Steven Madden Ltd posted a three-fold rise in quarterly profit, which topped market estimates, as its trendy footwear and accessories resonated with its young customers, and stood by its 2009 earnings outlook.
U.S. shoe and clothing maker Kenneth Cole Productions Inc posted a first-quarter loss as inventory cutbacks at its major wholesale partners and lower consumer spending drove a 16 percent fall in revenue.
Premium jeans brand True Religion Apparel Inc's quarterly profit rose 10 percent, as its consumer direct and international segments shored up its revenue base, and it also backed its outlook for the year.
Beiersdorf envisages reducing its activities at some of its sites in Germany and abroad, announced the group’s boss during the general meeting of shareholders in Hamburg, as the crisis has badly affected Tesa - its branch of adhesives.
Estee Lauder Cos Inc reported a much higher-than-expected quarterly profit on Monday 4 May, helped by increased sales in Asia, sending shares up 3% in light, premarket trade. But the maker of Clinique and M.A.C.gave a cautious outlook for the current quarter.
Option players in Crocs Inc appear to be betting on improved prospects for the shoe company after it reports quarterly results this week and that shares will rise by at least 66 percent into the summer.