The Diadora group could be changing hands. The financial companies Orlando Italy and Atlantis Capital would be well positioned to take over the group and are believed to have already made bids to acquire the Italian sports equipment and clothing specialist.
British fashion and homewares retailer Laura Ashley (ALY.L) posted a 39 percent drop in full-year adjusted pretax profit as operating expenses increased and consumers curbed spending, and said it expects profit to remain flat in 2010.
Chinese jewelry maker Fuqi International Inc posted better-than-expected quarterly results, driven by growth in its wholesale business, and forecast a first-quarter earnings range that was largely above market estimates, sending its shares up as much as 18 percent.
Shoe maker Crocs Inc said on Tuesday March 31 it received a six-month extension of its credit facility with Union Bank of California that was due to expire later this week. The existing facility will now mature Sept.
French drugmaker Ipsen and its partner Galderma have won French marketing approval for anti-wrinkle treatment Azzalure, a rival to Allergan's Botox. Ipsen shares rose 2.5 percent to 28.70 euros by 0753 GMT.