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.
Women's apparel retailer Christopher & Banks Corp posted a wider-than-expected quarterly loss as sales fell due to tightened consumer spending, and it said it would not provide earnings-per-share outlook at this time.
The price of cotton rose sharply last week in New York, buoyed – like the majority of raw materials - by the hopes of recovery in global economic activity, whilst American production is expected to decline again this year.
Prospecting underground in the Democratic Republic of Congo since 2005, De Beers is leaving the country. After four years the world leader in uncut diamonds, 45% owned by Anglo American, has judged its results as inconclusive.
Already present in Asia and in Hong Kong, Jimmy Choo has decided to accentuate its presence there. To do so, the shoemaker has signed a joint-venture with Bluebell Far East Limited – an existent partner – to open new boutiques.