Italy's Valentino Fashion Group (VFG), bought by private equity investor Permira two years ago, has agreed a recapitalisation deal, reducing debt by one third to 1.5 billion euros.
Finish Line Inc said its same-store sales have climbed 4.9 percent in the three weeks to Dec. 20 in a sign of revived demand for the retailer's athletic shoes and apparel.
Cost control is likely to remain the mantra of European companies next year, as the strength of economic recovery is tested by governments withdrawing stimulus measures to repair national balance sheets.
A company run by Hong Kong's best-known entertainment mogul has paid a record 108 million US dollars for a shop in one of the busiest districts.
The European Union, the world's biggest market, decided to prolong punitive taxes on imports of Chinese and Vietnamese shoes for 15 months.
Demand for Swiss watches rose in November from the previous month and data pointed to an end to the sharpest drop in appetite from buyers abroad in some 20 years.
In an historic first for the French luxury group, Hermès is preparing to launch a new brand in China: Shang Xia.
French luxury goods maker LVMH expects strong growth for its watches and jewellery in China next year, as it seeks a stronger foothold in the country's third-tier cities, the North Asia head of the company's watch and jewellery unit said.
What's Christmas without a little indulgence and a lot of guilt, with a global survey showing two in three people occasionally treat themselves to a luxury purchase, but a third then feel bad about it.
Making the shortlist for the best documentary feature Oscar is icing on the cake for "Valentino: The Last Emperor.
Zale Corp said it has canceled some orders with suppliers and delayed payments, sending shares of the big U.S. jewelry store chain down sharply.
Tiger Woods lost backing from his third major sponsor in a week when Swiss watchmaker Tag Heuer revealed it is dropping the golf star from US advertising campaigns in the wake of his sex scandal.
The turnaround at upmarket jeweller Theo Fennell is gathering pace, helped by endorsements from celebrities like Dannii Minogue, who sported its earrings and broach on the popular X Factor TV talent show.
Swatch Group plans to stop selling watch parts to other watchmakers, the group's chairman said in a newspaper interview, a move that be a blow to an industry already grappling with a sharp drop in demand.
Gitanjali Lifestyle, a unit of Gitanjali Gems, will add 40 multi-format stores under its 'Maya' brand over three years and expects revenue of 10 billion rupees from multi-format stores.
