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LVMH Profits Slide on Asia Slump

The French luxury giant reported a 4.3 percent dip in net profits in the six months to June 30 to 1.51 billion euros, or $2.07 billion.

Currency Hits Swatch Net in First Half

Watchmaker cites negative currency environment as sales gain 4 percent in period.

Hermès Sounds the Alarm Over Currency Concerns

The company warned Friday it expects its operating margin to take a hit after foreign exchange swings again took a chunk out of second-quarter revenues.

Italy's Stroili Oro Creating M&A Buzz

A pool of investors interested in acquiring the jeweler, although the decision to sell rests with its current majority shareholders.

Theo Killion to Leave Zale

Killion, ceo of Zale, will leave the company on July 31.

Benckiser Cutting Labelux Division; Reinhard Mieck to Exit

From July, Joh. A. Benckiser Holdings will directly oversee the Jimmy Choo, Bally, Belstaff and Zagliani brands, WWD has learned.

Wall St. Sees Long Climb for Coach

The company's shares continued their slump on Friday, as analysts weighed in with concerns over its turnaround strategy.

Signet, Zale Wed After Shareholder Sign-off

Despite resistance from two large shareholders, 62.2 percent of shares voted in favor of merger.

Zale Shareholders Hearing Both Sides on Signet Deal

After ISS endorsement, two proxy advisors split on wisdom of merger.

Claire's Q1 Loss Widens

Same-store sales trends improved but remain negative.

Movado Posts Lower Q1 Profits

Operating income rose 9.2%.

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