Italian luxury shoe and bag maker Tod's SpA will have "an optimal" 2008 if the current trend continues, or even if it slows a little, Chairman and Chief Executive Officer Diego Della Valle said on Tuesday.
For years the undisputed leader at high-end hair salons, L'Oreal is losing its shine as hair stylists turn to cheaper products from rivals such as Germany's Wella and Schwarzkopf to weather an economic downturn.
Italian eyewear maker Luxottica Group SpA sees 2009 being difficult as consumer spending slows, its chief executive told Corriere della Sera newspaper, but added that the company would continue investing.
U.S. teen apparel retailer Abercrombie & Fitch Co named advertising agency executive Jonathan Ramsden as its new chief financial officer on Friday, erasing a degree of uncertainty ahead of the key holiday shopping season.
Hermes on Thursday became the latest European luxury group to cut its sales growth target, caught by global consumer spending gloom, and said trading worsened in October, sending its shares down sharply.
Richemont , the world's second-largest luxury goods maker after LVMH LVMH.PS, will seek growth in China's interior while strengthening its presence on the country's affluent east coast, its Asia chief executive said on Thursday, October 16th.
Members of the controlling family of French luxury goods group Hermes have no plans to sell shares and the house is confident it will weather the financial crisis, Chief Executive Patrick Thomas told Reuters.
Charles & Colvard Ltd's Chief Financial Officer James Braun resigned, and the moissanite gemstone producer cut four other jobs as part of a corporate reorganization to manage costs and return to profitability.