“Valentino’s owners plan to build up the Italian fashion house before selling it and are not putting out feelers to potential buyers.” (Reuters)
“With a number of companies now being run by equity-market managers, you can bet your bottom dollar that they would love to get their hands on an experienced design maestro — if more were available.” (New York Times)
“Financiere Richemont SA’s second-half profit rose less than analysts expected after the world’s biggest jewelry maker cut production and a stronger Swiss franc increased watchmaking costs.” (Business Week)
“H & M Hennes & Mauritz AB has signed a contract to open its first store in Turkey.” (Market Watch)
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