Stefanel GmbH has announced the complete sale of its holdings in Hallhuber to private equity firm Change Capital. The sale of 9 stores, 33 concessions and 93 points of sale of the German brand has brought in €25 million to Stefanel.
L'Oreal shares jumped after the world's biggest beauty products group posted forecast-beating first-half profits and said it believed the worst of retailers' order trimming of luxury products was over.
India's gem and jewellery makers cheered government sops for exporters in the latest trade policy for 2009/10 with shares of big exporters like Gitanjali Gems and Rajesh Exports jumping 9.5 percent and 13.7 percent.
Shares of Esprit fell more than 14 percent to a seven-week low after the world's No.6 fashion retailer by market value posted a worse-than-expected drop earnings, and as it forecast continued weakness in its wholesale orderbook.