France's richest woman has cut celebrity photographer Francois-Marie Banier out of her will, depriving him of an estimated 1.25 billion euros, in the latest twist in a family saga that has gripped France and shaken the government.
September 1st will see the luxury jeweler release a collection of bags. Totes, clutches & shoulder bags were all created by a designer duo who became bankrupt in 2009 with label, Lambertson Truex whom then Tiffany preceeded to purchase.
U.S. clothing retailer J Crew Group Inc posted earnings outlooks for the third quarter and full year that were below expectations, citing "nervous" shoppers and promotions by competitors, and its shares tumbled 7 percent.
Online sales growth will continue to outpace growth in overall retail sales in 2010 and 2011, as more shoppers use the web to save time, stretch their pennies and buy items not readily available in nearby physical stores.