Top U.S. retailers, with the exception of discounters and warehouse clubs, are expected to post a drop in September sales this week as consumers balked at spending during an expanding financial markets crisis. Already hit hard by a U.S.
Italian fashion house Aeffe said its label Moschino had signed a five-year renewable agreement with Altana SpA for the creation, development and worldwide distribution of children's clothes. Aeffe, whose shares were up 7 percent at 1.
Bhs Group, the department store chain owned by billionaire Philip Green, posted a 40 percent fall in full-year operating profit on Tuesday, and for the fourth year running Green decided not to take a dividend.
Italian designer Alessandra Facchinetti said she was bitter to be leaving the Valentino fashion house after learning from media reports that the company was replacing her, Italian newspapers said on Sunday.
Members of the controlling family of French luxury goods group Hermes have no plans to sell shares and the house is confident it will weather the financial crisis, Chief Executive Patrick Thomas told Reuters.
MILAN, Oct 3 (Reuters Life!) - Valentino Fashion Group will clarify in three or four days whether designer Alessandra Facchinetti will stay with the fashion house, its CEO said in an Italian newspaper on Friday, amid speculation she will be replaced.