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.
Clothing manufacturer and retailer Ted Baker said trading in the last two weeks has been adversely affected by growing economic turmoil. It announced a 5.4 percent increase in pretax profit for the first half.
Hennes & Mauritz , the world's third-biggest clothing retailer by sales, reported lower-than-expected third-quarter pretax profits on Tuesday as sales slipped in tough market conditions. The firm made a pretax profit of 4.
Nearly half of U.S. retailers have seen their lenders tighten credit this year, and a majority don't expect a turnaround in the economy to occur before the second quarter of next year, according to a new study.
Lanvin is in talks to sell a stake to a Qatar-based investor in a deal that could value the French fashion house at around 150 million euros ($220 million), according to industry and financial sources close to the matter.