Fast-growing British youth fashion retailer SuperGroup said full-year profit would be hit by problems with a new warehouse management system that has left its shops short of its trademark T-shirts, hooded tops and check shirts.
In terms of operating profit, Asia became the number one segment for the Warnaco Group. The Calvin Klein licensee, whose portfolio also includes Speedo, Chaps, Warner and Olga, in fact, saw its Asian business (to the tune of 17 million euros) bring in more revenue than its domestic U.S. market (16 million euros).
Fashion accessories maker Fossil Inc said a stronger dollar will eat into its earnings for the current quarter, taking the gloss off a better-than-expected quarterly profit driven by higher sales in Asia and Europe.
L'Oreal, the world's largest cosmetics maker, said Monday strong demand in Asia and performance by its luxury unit led to 1.8 percent gain in third quarter sales, and confirmed its forecasts for 2011.Sales rose 1.8 percent to 4.
Global miner Anglo American is set to take control of diamond giant De Beers, buying out South Africa's Oppenheimer family in a $5.1 billion deal that ends the dynasty's direct links to the diamond business after almost a century.
French luxury brand Hermes said on Friday it was on track for record sales this year amid "remarkable growth" in Asia and the Americas, as it announced an 18 percent rise in third-quarter sales."We are going to beat the 2.
The adidas Group announced on Thursday that it has signed a share purchase agreement to acquire Five Ten, a leading performance brand in outdoor action sports. The purchase price is valued at USD 25 million.
The American denim brand, which posted a revenue of 108.4 million dollars in the third quarter this year (ended on September 30), announced that it has granted Envols a distribution licence in China that extends to 2016.