A new trade war is unrolling across Africa: a battle between Chinese textile-makers and a colonial-era company from The Netherlands, original maker of the eye-catching "Dutch Wax" fabrics often known as "Africa Wax.
Luxury goods sales worldwide could fall 10 percent this year to $201 billion, with the U.S. market in the greatest retreat, according to a forecast reported on Friday 10 April by the Wall Street Journal.
Swiss food group Nestle and France's Bettencourt family said on Thursday 9 April they would extend their pact on cosmetics company L'Oreal, in which both Nestle and Bettencourt own roughly 30 percent stakes.
J.C. Penney Co Inc on Thursday 9 April forecast a smaller first-quarter loss, after the department store chain's March same-store sales fell less than expected, helped by demand for spring merchandise.
Prada could be in the process of restructuring its debt. This would allow the fashion house to free up funds to open new stores and continue to take advantage of new opportunities in the recession; in effect, a crisis strategy.
Fast Retailing reported 28.7 percent growth in operating profit for the six months ended in February, buoyed by robust sales at its Uniqlo casual clothing chain, and again lifted its operating profit forecast for the full year to August.