Italy's Economic Development ministry says in a statement : Appoints three special administrators for IT Holding's Ittierre unit. The administrators are Stanislao Chimenti, Roberto Spada and Andrea Ciccoli. "The objective ... is to preserve the day-to-day business of Ittierre".
Michelle Obama graces the cover of next month's Vogue magazine, marking the second time a U.S. first lady has appeared on the front of one of the world's leading fashion magazines. Obama, 45, who has been hailed by both U.S.
Nike , the world's largest athletic shoe and clothing maker, warned on Tuesday that up to four percent of its workforce could be cut amid an ongoing business review aimed at bringing products more quickly to market while reducing expenses.
Apparel maker VF Corp reported fourth quarter earnings that topped analysts' lowered estimates and said it expects "modest revenue declines" in its jeanswear, sportswear and imagewear businesses in 2009.
The Christian Dior luxury holding giant revealed a sharp slide in performance on Monday with a drop in fashion clothing profits after its main unit LVMH reported strains from the financial crisis.Christian Dior reported a 9.
Shares of Skechers USA Inc fell more than 29 percent to a five-year low Friday, a day after the shoe maker forecast a surprise fourth-quarter loss and warned of a bleak 2009 as inventory-related costs ate into the company's margins.