Safilo Group, one of the world's biggest eyewear makers, is still in talks to find a partner to strengthen its balance sheet and has started talks with creditor banks to seek a waiver to its debt covenants.
Patek Philippe, one of the last major independent Geneva-based watch manufacturers, has seen resilient demand for its timepieces, but cautioned sales could fall as much as 15 percent in a worst-case scenario.
The textile and sporting equipment group Lafuma has seen its net loss swell in the first half-year (up until the end of March) of its activities for 2008/2009, but sees an “improvement” of its situation in the second half-year period, it announced in a press release.
British designer brand Ted Baker Plc said on Tuesday 16 June it was confident full-year results would be in line with expectations as it posted a 7.6 percent increase in revenue for the 19 weeks to June 12.
Shares in Italian jeweller Damiani SpA fell on Monday 15 June after the release of its full-year results on Friday 12 June, which showed a swing to a loss and a 14 percent fall in revenues, hit by weak economic conditions.