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Avon board elected with “significant” support
May 10th
Andrea Jung / Photo: Avon IncNEW YORK – Avon Products Inc’s board members, including former chief executive Andrea Jung, were all elected to a one-year term on Thursday, giving them a show of support as the cosmetics company fends off an unwanted $10 billion bid from Coty Inc.
Jung, who More >
Paco Rabanne drops art director Arora by ‘mutual’ accord PARIS – Fashion house
May 10th
PARIS – Fashion house Paco Rabanne, which launched a women’s ready-to-wear line last year, has dismissed its artistic director, Manish Arora of India, by a “mutual agreement,” it said Friday.
“We are most grateful to Manish for the work accomplished and the energy that he displayed all along this project,” More >
CalSTRS says Wal-Mart top leadership in question U.S. public pension fund said that allegations of bribery in Mexico
May 10th
The second-largest U.S. public pension fund said that allegations of bribery in Mexico and a cover-up by top management at Wal-Mart Stores Inc raise the question of whether top leadership should remain in place at the company. Photo: Wal-Mart Stores Inc
But officials with the California State Teachers’ Retirement System, which More >
Graff Diamonds HONG KONG Jeweller Graff gets nod for $1 billion IPO
May 10th
Photo: Graff DiamondsHONG KONG – Graff Diamonds, which sells “the most fabulous jewels in the world”, has received the green light from the Hong Kong bourse for a market debut that could raise up to $1 billion, sources said, paving the way for growth in luxury-hungry Asia.
Three sources with More >
Macy’s outlook disappoints, shares drop Macy’s Inc kept its full-year profit forecast despite reporting better-than-expected
May 10th
Macy’s Inc kept its full-year profit forecast despite reporting better-than-expected first-quarter earnings on Wednesday, sending the retailer’s shares down 4 percent. Photo: Macy’s
Macy’s, which also owns the upscale Bloomingdale’s chain, reported net income of $181 million, or 43 cents a share, for the quarter that ended April 28, up 38 More >
SUMIRAGO – Mention the name Missoni, A love story that sparked a fashion empire
May 10th
SUMIRAGO – Mention the name Missoni, and most think of a fashion empire that revolutionised textile patterns, spawned the no-bra look on the catwalks, and is now a global brand that designs everything from sweaters to sheets to hotels. Missoni summer 2012 / Photo: Missoni
But none of it would have More >
Jeweller Graff aims for June listing in Hong Kong
May 10th
Photo: Graff DiamondsHigh-end London-based jeweller Graff Diamonds is planning to list in Hong Kong on June 7, a report said Monday, as it seeks to raise up to $1.0 billion in one of the biggest IPOs this year.
The firm plans to start taking orders from investors in a roadshow More >
EBay, Wal-Mart search for revved-up developing new Web search engines to better compete against Amazon.com
May 10th
SAN FRANCISCO – EBay Inc and Wal-Mart Stores Inc are developing new Web search engines to better compete against Amazon.com Inc in the fast-growing e-commerce market. Screenshot of Ebay
As more people shop online, they often end up at the top of a website typing in a product name. If they More >
WARSAW – Czech private equity group Penta, Eastbridge raise bid for retailer EM&F again
May 10th
WARSAW – Czech private equity group Penta Investments and fund Eastbridge sweetened their bid for Polish retailer Empik Media & Fashion (EM&F) for the second time in two weeks on Tuesday, hoping to quash efforts by another investor to derail the bid. Empik Media & Fashion operate GAP as a More >
