Cosmetic and perfume-dispenser maker AptarGroup Inc posted a nearly 28 percent decline in its first-quarter profit, hurt by a drop in demand from the fragrance/cosmetic market and changes in exchange rates, and forecast lower earnings for the second quarter.
Japanese private equity fund Unison Capital is set to bid for at least one-third of wig maker Aderans Holdings, raising the prospect of a proxy fight with U.S. hedge fund Steel Partners, the Nikkei business daily reported on Thursday 16 April.
H&M reported a bigger than expected 3% year-on-year fall in sales at established stories in March. The forecast had been for sales to fall 0.2% from a year earlier with predictions ranging from a fall of 3% and a rise of 2%.
Since its beginnings the Stéphane Rolland Haute Couture has been financially supported by just two shareholders. In order to continue the development of the label this pair is now increasing the group’s capital by €900,000.
Talbots Inc's deeper-than-expected quarterly loss and staid sales projections sent its shares diving 15 percent after the closing bell on Monday 13 April, overshadowing news of a new $150 million loan facility that the women's apparel retailer says will boost liquidity.
South African mining group De Beers, number one in the world for diamonds, expects to see its turnover cut in half this year. On Thursday 9 April the Financial Times reported that this was due to a reduced output and a fall in price for diamonds.
Women's clothing retailer Dress Barn Inc forecast a third-quarter profit that beat market estimates, partly helped by its cost-cutting measures, sending its shares up 12 percent in trading after the bell.
Luxury goods sales worldwide could fall 10 percent this year to $201 billion, with the U.S. market in the greatest retreat, according to a forecast reported on Friday 10 April by the Wall Street Journal.
Swiss food group Nestle and France's Bettencourt family said on Thursday 9 April they would extend their pact on cosmetics company L'Oreal, in which both Nestle and Bettencourt own roughly 30 percent stakes.
Movado Group Inc said it is not in compliance with a financial covenant as it reported a fourth-quarter loss and the watch maker discontinued its dividend, sending its shares down as much as 14 percent.
J.C. Penney Co Inc on Thursday 9 April forecast a smaller first-quarter loss, after the department store chain's March same-store sales fell less than expected, helped by demand for spring merchandise.