Yohji Yamamoto
Designer Yamamoto files for bankruptcy protection (AP)
“Japanese fashion design house Yohji Yamamoto said Friday it has filed for bankruptcy protection, citing slumping sales amid a global downturn.”
Bulgari CEO Says Sales Are Improving, Led by Asia, Handbags (Bloomberg)
“Bulgari SpA, the world’s third- largest jeweler, said sales improved in the second part of the year, led by gains in Asia, its biggest market, and higher demand for handbags.”
US retailers in first monthly sales gain since 2008 financial collapse (FT)
“Leading US retailers yesterday reported their first monthly sales gain since the financial collapse of September 2008, although most still saw lower sales than a year ago as shoppers remained focused on bargain hunting.”
Fast Retailing sees record profit on Uniqlo boom (Forbes)
“Japan’s Fast Retailing forecast a 10.5 percent rise in operating profit this financial year as its Uniqlo casual clothing chain draws cost-conscious consumers away from rivals and it aggressively opens new stores in China.”
Gulf investor bids for fashion house Lacroix (Reuters)
“Gulf investor Hassan bin Ali al-Nuaimi, a nephew of the ruler of Ajman, part of the United Arab Emirates, submitted an offer for Christian Lacroix on Thursday, the administrator for the French fashion house said.”
