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Apparel Accessories and Luxury Goods

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  • Gucci Sees Double-Digit 2007 Growth, New Asia Stores Tuesday, 27 Nov 2007 | 9:08 AM ET

    Luxury goods maker Gucci, owned by French retailer PPR sees double-digit growth in 2007 and aims to open more stores in Asia and eastern Europe, the label's chief executive, Mark Lee, said on Tuesday.

  • Burberry Says Sales Rise, But Is Cautious on Weak Yen Tuesday, 16 Oct 2007 | 2:41 AM ET

    Burberry, the British luxury goods company, saw its total revenue rise 19 percent in the first half broadly in line with analyst expectations and helped by a rapid opening of new stores.

  • LVMH Sales Rise 8%, Topping Forecasts Monday, 15 Oct 2007 | 2:32 AM ET

    LVMH Moet Hennessy Louis Vuitton, the world's largest luxury goods group, beat  forecasts with an 8% rise in nine-month sales and confirmed its target of a "significant" increase in full-year results.

  • Angry Trophy Wife Trade Monday, 8 Oct 2007 | 11:13 AM ET

    Wall Street bonuses are expected to drop as much as 40% this year. Will sales at luxury stores including Coach (COH) and Tiffany (TIF) take a hit?

  • Prada Reports 23% Increase in First-Half Revenue Monday, 24 Sep 2007 | 7:52 AM ET

    Luxury goods manufacturer Prada on Monday reported first-half revenues up 23%, powered by its Miu Miu brand which surged in Asia.

  • Volvo Deliveries Dip on Lingering U.S. Woes Monday, 24 Sep 2007 | 3:52 AM ET

    Truck deliveries by world No.2 truckmaker Volvo fell 4% in January through August as gains in Europe and Asia failed to offset lingering weakness in North America, the firm said on Monday.

  • Exclusivity? Try Lamborghini's $1.4 Million Car Thursday, 13 Sep 2007 | 4:05 AM ET
    Stephan Winkelmann, chairman of the brand Lamborghini, unveils the new Lamborghini Reventon, one out of a total of 20 existing.

    In a bid to add more prestige to what it already has, the Italian maker of super luxury sports car unveiled the Reventon at Frankfurt's international autoshow, a very limited editioncar that looks more like an arrow than anything on four wheels.

  • Upscale jeweler Tiffany reported lower second-quarter net profit Thursday on charges related to the pending sale of its Little Switzerland business, despite sales growth in some markets.

  • Permira Buys 85% Stake in Hugo Boss Friday, 24 Aug 2007 | 6:32 AM ET

    Germany Red & Black Lux, a unit of private equity group Permira, said Friday it acquired just more than 85% of the voting rights of Hugo Boss, as it moves to acquire the German fashion company.

  • French wine and spirit makers appear to be clawing their way back into the global market after years of watching foreign taste buds respond to innovative New World wines.

  • BMW Sedan Performs Worst in Crash Test Thursday, 16 Aug 2007 | 4:35 AM ET

    The 2008 BMW 5 Series was the worst performer in new side-impact crash tests of luxury sedans by the insurance industry.

  • Puma Profit Falls in Second-Quarter as Sales Decline Thursday, 9 Aug 2007 | 6:35 AM ET

    Athletic apparel maker Puma said Thursday second-quarter profit slipped as rising sales in Europe were offset by a 15% sales decline in North and South America.

  • Polo Shares Sink on Weak Profit Picture Wednesday, 8 Aug 2007 | 3:09 PM ET

    Polo Ralph Lauren posted a weaker-than-expected quarterly profit Wednesday, hurt by acquisitions-related accounting, and cut its full-year earnings forecast due to a higher tax rate, sending its shares down as much as 13 percent.

  • BMW Reports Jump in July Sales Tuesday, 7 Aug 2007 | 6:28 AM ET

    BMW, the world's biggest producer of luxury automobiles, said Tuesday that sales rose in July, as well as in the January-July period, on continued demand for its BMW, Mini and Rolls-Royce brands.

  • Book and newspaper publisher Pearson reported a sharp rise in first-half profits on Monday and raised its full-year sales forecast for its core professional education business to growth of 5-7%.

  • Hermes First-Half Sales Growth Capped Wednesday, 25 Jul 2007 | 6:08 AM ET

    Hermes International said sales for the first half were 721 mln euros, up 2.9% from 700.5 million a year earlier, as a negative currency impact weighed on growth.

  • French Luxury Goods Company PPR Owns 62% of Puma Tuesday, 17 Jul 2007 | 5:22 AM ET

    French luxury goods company PPR said Tuesday it owns 62.1% of Puma following an extended offer period for the German sportswear company.

  • Permira Unit Makes Bid for Hugo Boss Thursday, 12 Jul 2007 | 7:38 AM ET

    Red & Black Lux, a unit of private equity group Permira, said Thursday it is bidding for the outstanding shares of Hugo Boss in an effort to gain complete control of the German fashion company.

  • PPR Won't Raise Price for Germany's Puma Wednesday, 27 Jun 2007 | 4:59 AM ET

    French luxury goods maker PPR will not raise its 330 euros a share ($444.5 a share) offer for German sportswear company Puma.

  • Waterford Wedgwood, one of Ireland's best-known companies, reported continued losses and sales declines Wednesday in its full-year results, but said more cost-cutting and share offerings could return it to profit.