Stocks rise as fears subside, Uniqlo continues to build, Cavalli extends license, Ford splits, GQ embraces diversity


International Leaders at the G20 Summit in London

Change in Bank Rules Lifts Stocks (NYT)
“Hopes that the worst days of the financial crisis are retreating lifted stock markets on Thursday after government leaders pledged huge new financial rescues and a regulatory group moved to rewrite financial regulations and accounting rules.”

Fast Retailing: Uniqlo Mar Same-Store Sales Up 7.9% Y/Y (WSJ)
According to the brand, “same-store sales at its domestic Uniqlo casual clothing store chain in March rose 7.9% on year, extending the string of on-year gains to five straight months.”

Just Cavalli May Extend License (WWD)
“Ittierre SpA may have secured the Just Cavalli license for another five years and perhaps its future as well.”(Subscription required)

Tom Ford Revamps Asian Operations (WWD)
Tom Ford International has made changes to its Asia business, forming a new retail operation and ending its partnership with Lane Crawford in the region.” (Subscription required)

World’s first Sikh supermodel debuts in GQ fashion spread (Telegraph)
“A San Francisco businessman is set to become the world’s first Sikh supermodel after being picked to feature in top fashion magazines including GQ.”