A hedge fund firm with a stake in Saks Inc called for governance reforms, contending the struggling luxury retailer needs to adopt annual elections for all directors and become more responsive to investors.
China's hunger for jewellery is boosting demand for platinum at a time when the metal is being hit by the ailing auto sector, metals consultancy Johnson Matthey said in an annual report released Monday 18 May.
A flawless vivid blue diamond weighing 7.03 carats has been sold for a record 10.5 million Swiss francs (6.2 million pounds), the highest price paid per carat for any gemstone at auction, Sotheby's said.
Kenneth Cole Productions, Inc. have announced that Ingo Wilts will join the Company as Creative Director, effective August 1, 2009. Mr. Wilts was previously the Senior Vice President and Creative Director for Hugo Boss.
Bulgari shares tumbled 6.2% by the evening of Wednesday 13 May, to €3.8925. The Italian group has been sanctioned by investors for its first quarterly loss in ten years after the announcement at the end of the evening.
They dress ladies, highlight their shape and curves and bring Amazonian femininity to cities which like “to be beautiful”. Who? The new brand from top of the range designer Catherine Dupire-Clément, ‘Back to Noise’.
LVMH is to take a minority stake in Edun, the ecological and ethical fashion start-up founded by Irish singer and campaigner Bono and his wife, the world's biggest luxury group said on Thursday 14 May.