The collapse of the vast German retail group Arcandor, threatening 43,000 jobs, erupted into a bitter fight on Wednesday 10 June as politicians gear up for a national election in less than four months.
German retailer Metro on Wednesday 10 June denied a press report it was thinking about selling to an Italian investor the combined department store group it hopes to create with insolvent Arcandor's Karstadt chain.
J.C. Penney Co Inc is more optimistic about its fourth quarter than the rest of its fiscal year, hoping new styles and affordable prices will help it win more sales than it did in the dismal 2008 holiday season.
Upscale jeweler Tiffany & Co would have to see at least a five percentage point improvement in U.S. same-store sales in order to call business better, as jewelry remains one of the trickiest things to sell in the recession.
Bahrain's Investcorp said on Tuesday 9 June it planned to buy stakes in homegrown Middle Eastern luxury goods companies as part of a wider plan to invest $650 million in the region in the next two years.