Uniqlo Ads Boost Profits at Fast Retailing (DNR)
Uniqlo’s ads, which stars Chloë Sevigny and Japanese actor Tadanobu Asano, boost the sales of its parent company.

Karl Lagerfeld to Design Dubai Dwellings (WSJ)
Karl Lagerfeld inks a deal with Dubai Infinity Holdings to design 80 homes in Dubai’s Isla Moda development.

June Sales Boosted by Stimulus Checks (DNR)
In the US, retail sales in June were up due to the government’s stimulus checks.

Carlos Slim Boosts Saks Stake (WWD)
Carlos Slim, the second richest man in the world acquires 10.9 percent of Saks Inc.

Europe’s Luxury Sector In Unfamiliar Territory As Investors Cool Off (WWD)
As shares of PPR and blue-chip European luxury labels drop, investors lose confidence in the continent’s luxury market.

Photo courtesy of Uniqlo.com.