U.S.-based Euro Pacific Growth Fund has emerged as one of the biggest shareholders in Germany's Adidas, the world's second-largest sports goods maker. Euro Pacific now holds 5.01 percent of the votes in Adidas.
Fashion accessory and jewelry retailer Claire's Stores Inc posted a narrower first-quarter loss on a 10 percent revenue decline on Thursday 11 June, and warned that sales are getting worse in the second quarter.
Lululemon Athletica, which makes trendy yoga and workout wear, reported lower quarterly earnings on Thursday 11 June and said it expects profit to be flat in the current quarter because of the troubled economy.
Upscale jeweler Tiffany & Co would have to see at least a five percentage point improvement in U.S. same-store sales in order to call business better, as jewelry remains one of the trickiest things to sell in the recession.
Bahrain's Investcorp said on Tuesday 9 June it planned to buy stakes in homegrown Middle Eastern luxury goods companies as part of a wider plan to invest $650 million in the region in the next two years.