Tiffany’s Q1 sales gain
By Iconic jewellery Tiffany’s has posted an 8 percent profit rise on sales up 6 percent in the first quarter. Despite higher gross margins, the jeweller warned that rising precious metal prices could affect margins next fiscal year. Net income for the quarter ended 30 April rose to $43.1 million from $40.1 million on sales of […]
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Ralph Lauren receives 15m bonus
Last week Polo Ralph Lauren Corp stated its Chief Executive Ralph Lauren received a $15 million bonus for the 2006 fiscal year ended March 31. This was a 13 percent increase from his $13.26 million bonus in the previous fiscal year and Lauren was also granted restricted stock valued at $4.31 million, compared with a […]
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Liz Claiborne looks at British brands for portfolio
Paul Charron, Liz Claiborne’s chief executive, is expected in London next week to develop a new strategy for the UK. The company is looking to expand the presence of some of its 40 existing brands in the UK, as well as buying new fashion labels. The acquisitions will be in the $100 million (£54 million) […]
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Sports World director in flotation debate
Sports World billionaire owned Mike Ashley is expected to not take up the position of CEO if the company goes ahead with a stock market listing. Instead, Mr Ashley will remain director, possibly being appointed deputy executive chairman of the retail chain. It is understood that Mr Ashley may sell a substantial number of shares […]
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JJB to go digital
JJB Sports is thought be in talks to launch a digital TV channel. The high street sports retailer, founded by Wigan Football Club chairman Dave Whelan, is said to be close to launching JJB Sports TV, after having spent £3.3 million for the Golf Channel UK and the Golf TB Pro-Shop channel last year. According […]
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Paris ‘ pity party
Reading Jerry Oppenheimer’s biopic of the Hilton family is making it onto the list of life’s guilty pleasures. Or is it? Who wants to read an entire book about Paris Hilton’s family and her own empty, superficial life? How much trash can we stand? Paris ‘s greatest achievement is getting into the hottest club and […]
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The Fashion Oscars
The Oscars are as much a celebration of cinema as it is of style and each year there are winners and losers. It is further one of the few red carpet events where Hollywood’s A-list pull out all stops wearing some of the most glamorous gowns and jewels in an attempt to shine like the […]
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TomKat nuptials in Armani
Tom Cruise and Katie Holmes have finally tied the knot, perhaps putting an end to the months of speculation regarding the legitimacy of their relationship. The wedding took place in the fairy-tale like splendour of the sumptuous fifteenth century Castello Odescalchi in Bracciano near Rome . As reported earlier, the bride and groom were both […]
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Moschino to open hotel in Milan
Like many a luxury company before it, Moschino is planning on opening a hotel in 2008. Together with Mobygest, a leading Italian hotel chain, Moschino will launch its first hotel in Milan . “We want to create a different hotel from what is the typical scene, one that will reflect Moschino’s philosophy and whimsical image,” […]
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New Wave is the new wave
It’s been around a while, but fashion’s New Wave movement is not as fleeting as some would have hoped. Bright colours are here to stay and for Spring, get ready for in-your-face acid-like tones, in its brightest, disco-esque, early nineties sort of way. Old Rave is the New Wave and bring on the glowsticks. London’s […]
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