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Esprit warns on second half profit and will close stores
The Europe-focused clothing and accessories retailer said it would record a goodwill impairment of between HK$1.8 billion to HK$2 billion related to the acquisition of the remaining interests of associated companies in China. ...
Fri, 17 May 2013
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Marimekko posts wider-than-expected first quarter losses
Finnish clothing and home furnishings retailer Marimekko reported a wider first-quarter loss due to a costly expansion in the United States and weaker sales in Finland. ...
Fri, 17 May 2013
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Bangladesh April exports up 10 percent on garment sales
Bangladesh's exports rose nearly 10 percent in April to $2.08 billion from a year earlier, rising for a 10th month, thanks to stronger clothing sales, the Export Promotion Bureau said on Tuesday. ...
Fri, 17 May 2013
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Symrise first quarter core earnings up on menthol demand
German scents and flavors specialist Symrise said quarterly core earnings advanced 6 percent on growth in emerging markets and as additional menthol output capacity was quickly absorbed by the market. ...
Fri, 17 May 2013
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Punk gets pretty in Met museum exhibit
The exhibit, which opened to a crowded preview Monday, traces the unlikely merger of a movement known for primal music, drug-abuse and anti-establishment yells, with the glittering world of high fashion. ...
Fri, 17 May 2013
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Private equity firms eye Neiman Marcus
The private equity firms, which bought the Dallas-based retailer in 2005 for $5.1 billion, have interviewed banks and are about to hire Credit Suisse Group AG to run the dual track process, according to the report, which cited two people familiar with the situation. ...
Fri, 17 May 2013
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How textile kings weave a hold on Bangladesh
Azim, who is also a member of parliament, has benefited from government policies to grow the industry into a global powerhouse. His elegant home here in Dhaka is a haven of luxury with an outdoor swimming pool, walled off from the chaos of the capital's streets. ...
Fri, 17 May 2013
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India regulators pull J&J plant license on baby powder concerns
Health officials in India have revoked Johnson & Johnson's license to make cosmetics at a plant outside Mumbai after they discovered the company had used an unauthorized process for sterilizing its baby powder. ...
Fri, 17 May 2013
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"Speed money" puts the brakes on India's retail growth
Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes. ...
Thu, 16 May 2013
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Engineer who warned over Bangladesh building held as toll tops 500
Police investigating the collapse of a Bangladesh factory building that killed more than 500 people have arrested an engineer who warned the day before that the eight-storey complex was unsafe. ...
Thu, 16 May 2013
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Permira sells further 10 percent stake in Hugo Boss
Private equity firm Permira is selling a further 10 percent stake in German fashion house Hugo Boss, cashing in on an investment whose share price has doubled since it first invested in 2007. ...
Thu, 16 May 2013
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Adidas sales drop on Reebok and lack of sporting events
Germany's Adidas posted its highest-ever gross profit margin as the sale of higher-priced products through its own stores helped offset weak consumer spending in Europe and ongoing problems at Reebok. ...
Thu, 16 May 2013
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Fifth & Pacific first quarter loss narrows as kate spade soars
Fifth & Pacific Cos Inc reported a smaller-than-expected first-quarter loss on Thursday, as sales of its upscale kate spade handbag and clothing brand soared and the company offered fewer discounts on its Lucky Brand items. ...
Thu, 16 May 2013
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Estée Lauder posts higher-than-expected quarterly profit
Estée Lauder reported higher-than-expected quarterly profit on Thursday and raised its earnings forecast, boosted by its campaign to cut costs. ...
Thu, 16 May 2013
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Hugo Boss confirms 2013 forecast despite weaker first quarter
German fashion house Hugo Boss Thursday said it was sticking to its positive forecast for 2013 despite a decline in the first three months of the year largely due to wholesale sales. ...
Thu, 16 May 2013
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JC Penney takes to social media to ask shoppers to come back
J.C. Penney, recognizing it made mistakes in its attempt to re-invent itself last year, launched a social media campaign on Wednesday that asked shoppers who left in droves to come back. ...
Thu, 16 May 2013
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Uniqlo Japan April sales fall 3 percent after cool temperatures
Fast Retailing Co said on Thursday that same-store sales at its Uniqlo basic clothing outlets in Japan fell 3 percent in April from a year ago as cool weather towards the end of the month dented sales of spring apparel. ...
Thu, 16 May 2013
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Pope condemns Bangladesh working conditions as "slave labour"
Pope Francis on Wednesday condemned the conditions of workers who died in the Bangladesh factory collapse as "slave labour," saying unjust salaries and the unbridled quest for profits were "against God". ...
Thu, 16 May 2013
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