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  • CATANIA, Sicily— When migrants arrive in Italy, exhausted after days of perilous travel in overcrowded boats, some of the first things they receive are gleaming sneakers that stand out incongruously against their grimy and threadbare clothes. Police in Catania, on Sicily's eastern coast, recently received court permission to donate confiscated counterfeit...

  • Nice nails, grim lives: The plight of manicurists Sunday, 10 May 2015 | 10:24 AM ET
    A customer gets a neck massage while her nails dry at a salon on West 14th Street in New York.

    Manicures have become a grooming staple for women, but largely overlooked is the exploitation of workers in the industry.

  • *Yoox/ Net-a-Porter merger may be a game-changer. PARIS, April 23- The merger of the world's two biggest online fashion stores, Net-a-Porter and Yoox, sends a warning to luxury brands to embrace the Internet with more vim after years of resistance. Top brands such as Prada and LVMH's Christian Dior still baulk at the idea of selling clothing online as well as through...

  • *Yoox makes all-share offer to buy Net-a-Porter. *Yoox share up 9 pct after 10 pct rise on Monday. PARIS/ MILAN, March 31- Italian online fashion retailer Yoox has bought Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market, with combined sales of 1.3 billion euros.

  • MILAN/ HONG KONG, March 30- Italian luxury goods group Prada SpA has set out measures to counter a sales drop particularly in greater China, promising more services to clients in stores, faster-changing ranges and lower-priced handbags to meet stiff competition. After concentrating on a rapid retail expansion since its 2011 listing in Hong Kong, the maker of Miu...

  • HONG KONG, March 30- Italian luxury goods company Prada SpA reported its first drop in annual net profit since it listed in Hong Kong four years ago, as growing retail sales in the Americas and Japan failed to offset declines in Greater China and Europe. Like other luxury goods makers, Prada has seen weaker sales in China and Hong Kong amid a government crackdown on...

  • The strike at Stella International Holdings Ltd's Xing Ang factory in the city of Dongguan started on Sunday with workers concerned about government housing fund contributions and payouts. The strike involved 5,000 to 6,000 people, according to activists and a worker, making it one of China's biggest strikes at a factory since April last year when about...

  • Chinese shoe factory workers strike over benefits Wednesday, 11 Mar 2015 | 2:26 AM ET

    The company that owns the factory, Stella International Holdings Ltd, lists Guess? Inc, Michael Kors Holding Ltd, Prada SpA and Burberry Group PLC among its customers. A spokeswoman for Stella International said only "a few hundred" workers had gone on strike, not 5,000..

  • HONG KONG, Feb 23- Hong Kong shares ended little changed on Monday, with gains in Tencent Holdings offsetting weakness in casino operators and oil firms and as most investors stuck to the sidelines awaiting major corporate earnings later in the week. Conglomerate Hutchison Whampoa as well as property firms including Cheung Kong, Sun Hung Kai Properties and New...

  • *HSBC to announce earnings on Monday, Cheung Kong later the week. HONG KONG, Feb 23- Hong Kong shares dipped on Monday, with oil firms and casino operators leading the slide, as investors awaited direction from major corporate earnings later the week, marking a weak start to the Year of Goat. Property group Cheung Kong and conglomerate Hutchison Whampoa are set to...

  • MILAN, Feb 22- Italian luxury fashion house Prada reported a 1 percent dip in annual revenue on Sunday and said it would have to contain costs as growing retail sales in the Americas and Japan failed to offset declines in Greater China and Europe. Chief Executive Patrizio Bertelli blamed a "more uncertain and complex" environment than anticipated for holding...

  • *UBS, Credit Suisse expand off-shoring centers in Poland. WARSAW/ KRAKOW, Feb 15- Swiss financial titans UBS and Credit Suisse are expanding their operations in provincial Poland in a cost-saving drive made more urgent by the surge in the value of the Swiss franc. Even before the Swiss central bank abandoned its cap on the currency in January, the cost of taking on...

  • *Hermes full-year sales eur 4.12 bln vs forecast of 4.13 bln. PARIS, Feb 12- French luxury goods maker Hermes lowered its annual sales growth target for the first time in years to reflect its bigger size and overall industry downturn combined with potential hits from currency swings. Chief Executive Axel Dumas said Hermes now needed to align its sales growth...

  • *Prada opens 250 stores in past three years, plans 30-35 in 2015. Prada is learning that lesson the hard way. The trend in luxury goods is to drum up same store sales by curbing expansion and wowing customers with new products, yet Prada continues to pay over the odds to open swanky new shops and stock them with handbags little changed from previous bestsellers.

  • By Adam Jourdan SHANGHAI, Jan 20- From Paris to New York, purveyors of luxury goods are teaching staff Mandarin, offering traditional New Year "hongbao" gifts and flocking to social media sites as well-heeled Chinese tourists pack their bags to ring in the Year of the Goat abroad. Tiffany& Co, Macy's Inc, Prada SpA and Christian Dior SA have made moves to woo Chinese...

  • Hey, big spender: Luxe buyer not who you may think Monday, 29 Dec 2014 | 1:28 PM ET
    Woman in fur coat

    Categorizing shoppers by their age, sex and net worth isn't enough to get a real gauge on luxury buyers.

  • Is Prada going out of style? Monday, 8 Dec 2014 | 6:49 PM ET

    Shares of Italian fashion house Prada have lost over a third of their value this year, raising questions over whether the brand is going out of style.

  • HONG KONG, Dec 1- Hong Kong is expected to report a drop in October retail sales on Monday, providing the first broad look at the impact of pro-democracy protests on core shopping areas after demonstrators blocked key roads and scared off mainland Chinese tourists. Protests began choking parts of the Asia financial centre in late September, disrupting business...

  • HONG KONG, Dec 1- Hong Kong is expected to report a drop in October retail sales on Monday, providing the first broad look at the impact of pro-democracy protests on core shopping areas after demonstrators blocked key roads and scared off mainland Chinese tourists. Protests began choking parts of the Asia financial centre in late September, disrupting business...

  • Big bets on bling: More practical than you think Tuesday, 18 Nov 2014 | 2:04 PM ET
    Jewelry store Macau

    The luxury sector hit a soft patch recently, but the stage is set for a recovery. Jewelry, in particular, may glow for investors.