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| Switzerland, the land that time begot |
| Andrew I-Jen Chen swapped a career crunching numbers at French bank BNP Paribas to take up an apprenticeship at one of Switzerland's most prestigious watchmaking schools. ... |
| Thu, 17 May 2012 |
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| British label Paul Smith to re-enter China |
| British fashion label Paul Smith said Tuesday it was planning to open 24 stores in China over the next five years in its second attempt at tapping the country's booming luxury market. ... |
| Thu, 17 May 2012 |
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| Saks sees gross margin down in current quarter |
| Saks Inc cautioned on Tuesday that gross margin will fall in the current quarter as it increases price cuts to clear inventory in areas like designer women's clothing, where sales disappointed during the period. ... |
| Thu, 17 May 2012 |
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| Coty withdraws takeover bid for Avon |
| Fragrance company Coty Inc withdrew its $10.7 billion takeover bid for Avon Products Inc on Monday evening, saying the world's largest cosmetics direct seller had missed a deadline to start discussing a deal that Coty first proposed in March. ... |
| Thu, 17 May 2012 |
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| H&M April comparable sales fall 10 percent |
| Swedish budget fashion giant H&M said on Tuesday sales at stores open a year or more dropped 10 percent in local currencies in April, right in line with a Reuters poll forecast. ... |
| Thu, 17 May 2012 |
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| Italy's Ferragamo Q1 net rises 10 percent |
| Italian luxury shoemaker Salvatore Ferragamo said on Monday its net profit including minorities in the first quarter rose 10.2 percent to 17 million euros boosted by higher sales. ... |
| Thu, 17 May 2012 |
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| Diamond prices seen up in 2012 on sparkling demand |
| Prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia, the head of the World Diamond Council (WDC) told Reuters on Monday. ... |
| Thu, 17 May 2012 |
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| Platinum surplus expected this year: study |
| Platinum will remain in surplus this year, weighing on prices, but sister metal palladium will switch into a deficit as demand recovers, industrials group Johnson Matthey predicted Monday. ... |
| Thu, 17 May 2012 |
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| H&M monthly sales dip for first time since Aug '09 |
| World number two fashion chain H&M reported its worst monthly sales figures for more than 2-1/2 years on Tuesday, reflecting unfavourably cold weather which sapped demand for spring clothes and economic uncertainty in key markets. ... |
| Tue, 15 May 2012 |
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| Australia's Pacific Brands says no offer from KKR |
| Australian underwear manufacturer Pacific Brands said takeover talks with suitors including KKR & Co have ended without an offer being made, sending its shares down nearly 10 percent, as the dour retail outlook put off buyers. ... |
| Tue, 15 May 2012 |
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