Fashion retailer Alexon Group Plc posted a 14 percent drop in like-for-like sales for 16 weeks to November 21, and said margins may be hit by the price competitive environment affecting Christmas period and January.
Hollywood wild child Lindsay Lohan is staying on as artistic adviser at fashion house Emanuel Ungaro despite her debut collection being panned by critics, President and Chief Executive Mounir Moufarrige said.
Massive oversupply in the oil market has helped to snap the link between oil and gold that at this stage of tentative economic recovery could send both assets rising as inflation hedges, a strategist at a privately-held fund said.
Indonesia plans to ask for a delay in a free-trade pact between China and the Association of Southeast Asian Nations (ASEAN) for certain products as local producers fear it may hurt their business, the industry minister said
British fashion group French Connection said third quarter turnover increased 8 percent year-on-year, with most of the rise due to favourable exchange rates rather than any improvement in underlying trade.
Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.
As the economy shows signs of stabilizing, major retail brokers are increasingly comfortable with leaving the largest brokerage houses and setting out on their own, according to a company that provides services to the brokers.