Wrangler has chosen the autumn-winter 2009/2010 season to launch its first line of footwear in Europe. A range consisting of 26 models for men and 5 models for women will be released and will be rolled out first in Madrid and London.
Next week will be decisive for the future of the Christian Lacroix fashion house, in administration since early June, as the deadline for potential buyers to submit their offers expires on Monday 27 July.
A private equity deal is looking the most likely solution in Safilo's quest to strengthen its balance sheet, as Bain Capital remains the last contender in a race for a stake in the debt-laden eyewear maker.
Companies are taking a selective approach to reducing their impact on the environment, moving slowly on bigger investments while embracing strategies like energy efficiency and waste reduction that quickly lift profits.
The economy probably shrank for the fifth quarter running in the three months to June but the pace should have eased & retail sales volumes shot faster-than-expected, raising the chances of second quarter GDP being stronger than forecast.
Footwear maker Deckers Outdoor Corp posted a surprise second-quarter profit, helped by cost controls, but forecast a weak fourth quarter, when sales of its trademark sheepskin boots are traditionally strongest.