Talbots Inc posted a much narrower-than-expected loss on Tuesday 9 June, a day after the women's apparel retailer decided to sell its J.Jill division to Golden Gate, and said it would cut corporate headcount across locations by about 20 percent.
Leading global consumer goods exporter Li & Fung on Wednesday 10 June said the insolvency of one of Germany's biggest retailers, Arcandor, would impact the company's three-year plan to boost sales to $20 billion.
Daniel Rodan, Berlin's leather fashion designer to the stars, unveiled a new collection of Berlin Wall art-themed clothing on Tuesday 9 June as part of the 20th anniversary celebrations of the fall of the Cold War barrier.
Italian retailer Gruppo Coin SpA's first-quarter results were flat as cost cuts offset weak sales, the company said on Wednesday 10 June. Net profit for the quarter ended April 30 was unchanged at 800,000 euros ($1.13 million).
Luxury goods groups admit they are reluctant to lay off key craftsmen in the economic downturn and some are turning to hiring and salary freezes as the makers of leather goods, jewelry, watches and cars await a recovery.