MILAN Italian luxury group Salvatore Ferragamo posted a fall in third-quarter revenue that dampened signs of recovery in the first half of the year and warned of further weakness ahead due to the impact of unrest in Hong Kong and a weak U.S. market.
By Gianluca Semeraro, Claudia Cristoferi and Pamela Barbaglia
PARIS/MILAN Kering's Gucci brand and Italian jacket maker Moncler joined other luxury labels on Thursday in easing fears of a major third quarter sales hit from protests in Hong Kong, as they benefited from brisk business across the rest of Asia.
PARIS/MILAN, Oct 24 Kering's Gucci
brand and Italian jacket maker Moncler joined other
luxury labels on Thursday in easing fears of a major third
quarter sales hit from protests in Hong Kong, as they benefited
from brisk business across the rest of Asia.
BOLOGNA, Italy The head of Italy's Bio-on was arrested on Wednesday in a probe into false accounting and market manipulation, just three months after the bio-plastics maker suffered an attack by a short seller fund that erased 80% of its value.
MILAN Eyewear tycoon Leonardo Del Vecchio on Wednesday urged Mediobanca to build up its investment banking business in a challenge to venerable merchant bank's strategy, nearly a month after he snapped up a 7% stake that stunned corporate Italy.
* Bio-on to unveil new business plan
(Adds Quintessential statement, paragraphs 7-8)
MILAN Italian fashion house Dolce & Gabbana expects sales in China to fall in the current fiscal year after a slowdown in 2018-19, in a sign the brand is still struggling to shake off the fallout from a controversial advertising campaign in the country.
Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA to Campbell Soup Co , has amassed a stake in Ray-Ban maker EssilorLuxottica SA , people familiar with the matter said on Sunday.
MILAN Sales at Italy's luxury group Salvatore Ferragamo rose for the second quarter in a row in the three months to June, driven mainly by consumers in China, confirming a recovery trend in the first part of the year.