Shares in Richemont, the world's second largest luxury goods group, surged after a series of brokers raised their price targets and upgraded their ratings for the group after a strong set of first-half results.
Debt-laden Mariella Burani Fashion Group is weighing taking on a strategic investor after it failed to close a debt restucturing accord ahead of a Monday 16 November deadline, the luxury goods company said.
Swedish fashion retailer Hennes & Mauritz posted an unexpected 3 percent drop at established stores in October, blaming weak sales in some of its major markets on the global downturn and knocking its shares.
Fresh from a makeover, luxury leather goods and clothing label Bally is out to woo fashionable Asians, but not at the expense of European and American customers who have been harder hit by the downturn.
The Jakarta Fashion Week 2009/2010 (JFW 09/10) is here and this year the Governor of DKI Jakarta, Fauzi Bowo opened the festivities, which are taking place in the luxurious Pacific Place Mall from 14-19 November.
John Lewis, the employee-owned group seen as a barometer of UK retailing, posted a 13.2 percent rise in weekly department store sales, boosting confidence as the key Christmas shopping period gets underway.