Liliane Bettencourt, the billionaire heiress to the L'Oreal cosmetics empire, lashed out Sunday at her daughter for questioning her right to donate a billion dollars in gifts to a society photographer.
Laura Ashley Holdings Plc , the British fashion and homewares retailer, on Friday reported a sharp fall in underlying sales, blaming the difficult economic climate, and said the outlook was "challenging".
Unprecedented pre-Christmas discounting by the country's store groups is helping to improve consumer confidence, a survey showed on Friday, but retailers remain gloomy about their prospects heading into 2009.
The United States has begun legal action at the World Trade Organization aimed at halting Chinese government subsidy programs to boost the sale of Chinese-branded goods around the world, the U.S. Trade Representative's office said on Friday.
Escada's full-year net loss will widen, the German fashion house said on Thursday, citing a clear decline of sales in a difficult market environment and restructuring expenses. Sales dropped 15.1 percent in the fiscal year ended October to 582.
Switzerland exported half a million fewer watches in November as the economic downturn hit the country's key watch making industry in the first monthly decline since March 2005, data showed on Thursday, December 18th. Exports fell 15.3 percent to 1.