Designer clothing company Ralph Lauren forecast a strong finish to its financial year after posting a better-than-expected 10 percent rise in third-quarter profit, sending its shares up 9 percent in premarket trading.
Kuwait's sovereign wealth fund will invest 500 million euros ($676 million) in Italian companies in coordination with Italy's own strategic investment fund, Prime Minister Enrico Letta said on Tuesday.
Michael Kors reported a better-than-expected rise in quarter results and raised its sales and profit forecast for the year as the demand for its trendy handbags, watches and accessories showed no sign of slowing.
The Prada-owned brand is moving to the French capital this Monday, its new headquarters henceforth and an important step for Miu Miu, which aims to compete with the big names in luxury and increasingly differentiate itself from the Prada label.
Italian upmarket leather group Salvatore Ferragamo saw sales growth slow in 2013 in Asia, its most important market, like other luxury firms whose previously stellar rises in turnover there have moderated.
LVMH, the world's biggest luxury group, posted an 8 percent rise in like-for-like full-year sales as buoyant duty-free and cosmetics revenue helped offset lower demand for cognac in China and Louis Vuitton handbags.