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China province seizes imported clothes on safety worries 17-03-2010
The eastern Chinese province of Zhejiang has seized items of imported top-end clothing made by the likes of Versace and Hugo Boss after tests showed some were of substandard quality and a potential health threat. |
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Gazans find glimmer of luxury in thriving gold bazaar 17-03-2010
Gaza's borders are closed and its economy in shambles, but the glittering alleys of the territory's centuries-old gold bazaar are packed with young brides to be. |
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Shree Ganesh Jewellery to raise 3.28 billion rupees via IPO 17-03-2010
Jewellery House Ltd plans to raise 3.28 billion rupees from its initial public offering of 14.26 million shares. |
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Mariella Burani declared insolvent 17-03-2010
An Italian court has declared debt-laden Mariella Burani Fashion Group insolvent, leaving 30 days to decide whether the luxury goods maker can be saved by an administration process. |
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Merrill upgrades Ann Taylor on turnaround hopes 17-03-2010
AnnTaylor Stores Corp's efforts to revamp its offerings and reduce prices will boost the company's performance near term, Bofa Merrill Lynch said, and raised the stock of the women's apparel retailer a notch to "neutral". |
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PVH to tap debt market to fund Hilfiger deal 17-03-2010
Phillips-Van Heusen Corp has turned down guaranteed bank financing for the purchase of fashion brand Tommy Hilfiger, in order to save millions of dollars in fees. |
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Inditex 2009 net profit beats forecasts 17-03-2010
Zara-owner Inditex reported a 5 percent rise in net profit for 2009, beating analysts' forecasts, as Europe's biggest clothing retailer defied a grim recession on home turf Spain to take market share. |
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Chinese jewelry maker Fuqi to restate results 17-03-2010
Chinese jewelry maker Fuqi International Inc said it has identified some accounting errors having an impact on its results for first three quarters of 2009, and forecast a fourth-quarter profit below Wall Street estimates. |
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Rue21 fourth quarter profit tops Street 17-03-2010
Youth apparel retailer rue21 Inc posted a better-than-expected adjusted fourth-quarter profit, helped by better same-store sales and lower interest expense, and forecast a first-quarter profit above market expectations. |
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Madonna designs Dolce & Gabbana sunglasses 17-03-2010
Madonna has teamed up with Italian fashion house Dolce & Gabbana to design a collection of sunglasses. The first six styles of the pop diva's MDG line will be launched in May, the fashion house said. |
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Prada denies it wanted 'fat' managers sacked in Japan 16-03-2010
Italian fashion house Prada dismissed allegations by its former top retail manager in Japan that it had harassed her and asked her to fire "old, fat and ugly" managers. |
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Bulgari sees rising 2010 sales after fourth quarter loss 16-03-2010
Bulgari chief executive Francesco Trapani forecast rising sales in 2010 as luxury spending picks up helped by product launches, after the Italian jeweller posted its first full-year loss in 26 years. |
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Gem Diamonds swings to profit; sees prices up further 16-03-2010
Gem Diamonds Ltd swung to a profit in 2009 as confidence returned to the rough diamond market, and said it saw a further boost to rising prices due to a shortage of supply at the top end of the market. |
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Alibaba.com fourth quarter net profit up 49 percent, cautious on investing 16-03-2010
Alibaba.com, China's largest e-commerce company, posted a 49 percent rise in quarterly net profit as revenue growth accelerated on the back of strong customer additions. |
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DSW fourth quarter profit trails estimates 16-03-2010
Shoe retailer DSW Inc posted a quarterly profit that lagged analysts' estimates as higher costs offset strong sales. |
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Brenntag says cash flow sufficient to pay dividend 16-03-2010
Brenntag, the world's largest chemical distributor, aims to pay out up to 45 percent of its net income to shareholders after its initial public offering later this month, it said. |
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Cognis owners favour outright sale over IPO 16-03-2010
The owners of Cognis have launched a fresh campaign to sell the German maker of additives for cosmetics and detergents outright even as the firm prepares to go public, sources said. |
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Movado sees wider-than-expected loss; shares fall 16-03-2010
Movado Group Inc forecast a wider-than-expected fourth-quarter loss as retailers tightened inventory control, sending the watchmaker's shares down 9 percent in trading after the bell. |
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Moody's, S&P may cut Phillips-Van Heusen ratings 16-03-2010
Moody's Investors Service and Standard & Poor's said they may cut their ratings on Phillips-Van Heusen, citing debt the apparel company will take on to fund its planned acquisition of fashion brand Tommy Hilfiger. |
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