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Friday, May 24, 2013 - 01:00

Gap Falls After Forecasting Profit Less Than Analysts Estimate

SAN FRANCISCO, United States — Gap Inc. fell as much as 5 percent in late trading after the retailer forecast annual profit that was less than analysts estimated.

Gap slid 1.6 percent to $40.70 at 4:04 p.m. in New York after dropping as low as $39.31. The San Francisco-based company’s shares had gained 33 percent this...

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Thursday, May 23, 2013 - 23:57

Clover Canyon Resort 2014

Inspired by Fifties Cuba, Rozae Nichols worked a fresh crop of eclectic digital prints into her collection for resort.
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Thursday, May 23, 2013 - 19:45

Rue21 Agrees to Be Acquired by Apax in $1.1 Billion Deal

WARRENDALE, United States — Rue21 Inc., the operator of more than 900 teen apparel shops, agreed to be bought by private-equity firm Apax Partners in a $1.1 billion deal.

The purchase price of $42 a share will be paid in cash, the companies said today in a statement. That represents a 23 percent premium to Rue21’s...

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Thursday, May 23, 2013 - 19:40

Ralph Lauren Misses Estimates, But Expects Pick-Up

NEW YORK, United States — Ralph Lauren Corp on Thursday reported sales that fell below its own projections, hurt by fewer deliveries to European department stores, but gave a fiscal year forecast that suggests it expects its overall business to pick up.

Shares, which hit a 52-week high on Wednesday, fell 4 percent to $...

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Thursday, May 23, 2013 - 17:31

From Brooklyn to Mumbai to London, Bespoke Tailoring Shows Signs of Growth

LONDON, United Kingdom — On a quiet street in Brooklyn, the demand for handmade suits from the area’s concentration of young professionals is so high that a husband-and-wife team of haberdashers has moved their base of operations to a larger space just to keep up. Meanwhile in Mumbai, a tailor who was making carpets and home textiles...

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Thursday, May 23, 2013 - 15:06

Fabrizio Cardinali Appointed Dunhill CEO, as Change Continues at Richemont

LONDON, United Kingdom — Fabrizio Cardinali will take over from Eraldo Poletto as CEO of Dunhill on June 1. Prior to his appointment, Cardinali was CEO of Lancel, which he joined from Dolce and Gabbana.

The appointment represents further managerial change at Compagnie Financière Richemont SA, the Swiss parent company...

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Thursday, May 23, 2013 - 12:06

KKR Said to Weigh Investment in Saks, May Push for Merger

NEW YORK, United States — KKR & Co. is weighing whether to make an investment in Saks Inc. and may push the luxury retailer to pursue a combination with rival Neiman Marcus Group, said people with knowledge of the matter.

The deliberations may not lead to a transaction, said one of the people, who asked not to be...

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Thursday, May 23, 2013 - 11:32

EBay Targets $195 Billion Emerging Market With Global Push

SAN JOSE, United States — EBay Inc., owner of the biggest Internet marketplace, is boosting staff in its emerging-markets group by 50 percent this year, seeking to win loyalty in burgeoning regions where online sales may top $195 billion.

The team tasked with stepping up sales growth in Russia, Latin America and China...

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Thursday, May 23, 2013 - 07:14

Hussein Chalayan Hits Asia

The designer showed his fall collection in Singapore to cap off the Audi Fashion Festival before heading to Hong Kong and Beijing.
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Thursday, May 23, 2013 - 07:00

Chow Tai Fook Auctions Jewels

The largest jeweler in China auctioned off 30.97 million Hong Kong dollars, or $3.98 million worth of fine jewelry late last week.
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