Japanese apparel maker Onward Holdings Co said on Monday it bought unlisted Violine, a holding firm that has Jil Sander luxury brand under its wing, for 167 million euros ($244 million) to boost its overseas presence.
French retail and luxury group PPR confirmed its full-year outlook as it posted a first-half current operating profit slightly above forecasts, helped by the sparkling performance of its luxury arm Gucci.
The owner of Italian fashion designer Gianfranco Ferre turned in a 44 percent fall in first half operating profit on Wednesday August 27th , hit by adverse exchange rates and lower sales of the group's autumn/winter collections.
Shares in watchmaker and retailer Peace Mark were suspended Monday after private equity firm CVC Asia Pacific made an indicative offer for shares in the company in what sources called a "white knight" bid.
Gold prices tumbled underneath 800 dollars per ounce on Friday August 15th, hitting a ten-month low point as the precious metal was hampered by the strong US currency and weak oil prices, analysts said.