Sales at Italian department store chain Gruppo Coin SpA fell slightly year-on-year in the three months to April, as rain kept customers at home, although the trend changed in May, its top executive said on Monday 25 May.
Italian jeweller Bulgari SpA said 2008 profit fell 45 percent to 82.9 million euros ($105.8 million), with the economic downturn hitting results. Bulgari said in a statement on Wednesday March 11 it would propose a dividend of 0.
She's called the "recessionista" and she delights in spending $70 (62 pounds) rather than $700 on a cashmere cardigan or $1 to make a kiwi fruit face mask instead of shelling out $100 for a session at a trendy day spa.
Exclusive talks between IT Holding SpA (ITH.MI), which owns fashion label Gianfranco Ferre, and China's Mensun Ltd over an asset sale have been extended beyond a December 31 deadline, a source close to the situation said.
IT Holding said it was in talks with a company represented by Billy Ngok, chairman of China's Hembly International Holdings Ltd , but contrary to media reports it had not been in contact with Hembly or its subsidiaries.
British supermodel Naomi Campbell was released on bail early Friday April 4st after being arrested on suspicion of assaulting a police officer at London's Heathrow airport, officials and her spokeswoman said.