Ports Design Plans to Purchase European Company (Bloomberg)
In an effort to expand beyond China, Ports may acquire a European company and open stores in Japan.

PPR, Hermes Report Solid Profits in First Half (WWD)
Proving that the luxury industry is resilient, PPR and Hermes performed well in the first half of the year.

Tiffany Profit Rises More Than Estimates on Sales (Reuters)
With strong sales in Europe and Asia-Pacific, Tiffany’s net income increased to $80.8 million or 63 cents a share in the second quarter.

L’Oreal Operating Profits Rise (WWD)
L’Oreal posted a net profit increase of 6.4 percent for the first-half of the year.

Ports 1961 a/w ’08, photo courtesy of the New York Times.