Italy's Mariella Burani Fashion Group is focusing on organic growth, looking to expand its leather brand Mandarina Duck in emerging markets, Chief Executive Officer Giovanni Burani said on Wednesday, September 24th.
Underwear maker Hanesbrands Inc said it will close nine North American plants as it looks to shift manufacturing to lower-cost regions -- a move that will affect about 8,100 employees, or 16 percent of its workforce.
Swiss watchmaker Swatch Group is still confident about growth in the second half of the year despite the global economic slowdown, the group's chairman Nicolas Hayek was quoted as saying on Tuesday, September 23th.
German fashion house Escada lowered its full-year outlook for the third time this year and reported on Tuesday, September 23th a steep drop in third-quarter core profit, citing difficult market conditions.
Sports and fashion retailer JD Sports Fashion bucked the gloomy sector trend, with a 54 percent rise in first-half profit, boosted by sales of cutting-edge trainers, sending its shares over 5 percent higher.