Japanese apparel maker Renown Inc said on Tuesday it may sell British clothier Aquascutum as part of restructuring that could also include it selling its offices and a distribution centre in its home country.
The Chief Executive of Czech textiles maker Pegas Nonwovens , Milos Bogdan, has resigned effective Oct. 6, the company said on Tuesday. Bogdan, who also stepped down from the board of directors, left the company for personal reasons, it said.
Top U.S. retailers, with the exception of discounters and warehouse clubs, are expected to post a drop in September sales this week as consumers balked at spending during an expanding financial markets crisis. Already hit hard by a U.S.
Bhs Group, the department store chain owned by billionaire Philip Green, posted a 40 percent fall in full-year operating profit on Tuesday, and for the fourth year running Green decided not to take a dividend.
U.S. shoppers worried by shrinking bank and retirement accounts tamped down spending across the board in September as the country's financial crisis worsened, MasterCard Advisors said in a report on Tuesday October 7th.
"Lord of the Rings" star Elijah Wood is to open a new fashion exhibition in Chile's capital on Wednesday, October 8th at the start of a two-week South American vacation, organizers of the show and media said.
Italian fashion house Aeffe said its label Moschino had signed a five-year renewable agreement with Altana SpA for the creation, development and worldwide distribution of children's clothes. Aeffe, whose shares were up 7 percent at 1.
Italian designer Alessandra Facchinetti said she was bitter to be leaving the Valentino fashion house after learning from media reports that the company was replacing her, Italian newspapers said on Sunday.
Members of the controlling family of French luxury goods group Hermes have no plans to sell shares and the house is confident it will weather the financial crisis, Chief Executive Patrick Thomas told Reuters.