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Written by ADMINISTRATOR
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Friday, 02 May 2008 |
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After more than 30 years of extraordinary success, Giorgio Armani will go down in history as the man who defined the working wardrobe of the late 20th century and taught Hollywood how to dress. As president, chief executive and sole shareholder of his company, he is considered by many to be the world’s |
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Written by ADMINISTRATOR
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Friday, 02 May 2008 |
 It appears the luxury houses aren't infallible to the global credit crunch after all. Gucci this week saw sales slide in the first quarter ending March 31 as a result of tough trading conditions. Gucci's sales rose 2.4 percent at constant exchange rates but fell 3.3 percent in the quarter to 513 million euros. PPR on Thursday that first quarter sales rose 20 percent to 4.91 billion euros, thanks to the addition of Puma and robust sales at Yves Saint Laurent and Bottega Veneta. Sales grew 4 percent after taking account of currency exchange, reflecting the impact the high value of the euro against the dollar and yen is having on European luxury firms. |
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Eurozone retail sales down in new report |
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Written by ADMINISTRATOR
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Friday, 02 May 2008 |
 The Bloomberg Eurozone Retail Purchasing Managers' Index (PMI), an indicator which surveys economic conditions in the euro retail sector. Retail sales in the three key eurozone countries struggled this month against a background of consumer caution and poor weather. The PMI, which provides data a month ahead of government-issued figures, fell a record 6.4 points from 48.2 in March to a survey low of 41.8 in April. A 50.0 reading marks a |
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Last Updated ( Friday, 02 May 2008 )
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