The Italian designer has acquired the remaining 50% of his fast-fashion line held up until now by the Singaporean group, Como Holdings Inc., which has manufactured and distributed the brand under license since 1994.
Fashion accessory maker and retailer Fossil reported better-than-expected quarterly results as it sold more watches and jewelry in North America, its largest market. Fossil's shares rose 7.3 percent in extended trading.
Fashion accessory maker and retailer Fossil reported a better-than-expected quarterly profit as it sold more watches and jewelry in Europe and Asia. Fossil raised its full-year profit outlook to between $6.15 and $6.
Fashion designer Giorgio Armani is taking direct control of his sales business in Britain to improve efficiency in the retail sector, which has become a revenue-spinner for luxury makers amid economic turmoil.