Pascal Aymar is taking over the leadership of Coalision Europe, the group that is responsible for clothing brands Orage and Lolë. He is joined by Christelle Vessot who will take up the posts of brand co-ordinator for Lolë in Europe as well as public relations.
Gold miners in Russia, the world's No. 5 producer, unveiled plans to increase output by launching new mines in Siberia and forecast the metal's value would soon reach uncharted highs above $1,030 an ounce.
The European Union is likely to let Sri Lanka keep a trade concession crucial to its apparel industry, while recommending it be revoked if the country does not improve its human rights record, diplomats said.
British fashion retailer Alexon Group Plc posted a fall in first-half adjusted pretax profit mainly due to poor consumer confidence and lower demand, and scrapped its interim dividend to conserve cash amid a tough retail environment.
Even the world's mega-rich are feeling the effects of the worst recession in seven decades. Luxury isn't what it used to be. According to research, conspicuous consumption is frowned upon and greed has been replaced by a new frugality.