• BULGARI SHARES FALL: Shares in Bulgari SpA fell the most in more than five years on the Milan Bourse Monday. The decline came after the Italian jeweler on Friday narrowed its full-year guidance to the lower end of estimates following a drop in second-quarter earnings. HSBC was among bank and securities firms to cut ratings or share price estimates on the stock, downgrading Bulgari to “neutral.” “The bulk of the downward revision is coming from the watch segment, which we believe will be the most impacted by the economic slowdown,” HSBC analyst Antoine Belge wrote in a note. Bulgari closed down 8.3 percent to 6.33 euros, or $9.86 at current exchange. Following the close of trading on Friday, Bulgari reported that second-quarter profits fell 8.8 percent to 31.4 million euros, or $49.1 million at average exchange.
• HAMPSHIRE, KUTTNER PEACE DEAL: Hampshire Group Ltd. and its former chief executive officer Ludwig Kuttner have resolved their dispute concerning Kuttner’s alleged fraud, mismanagement and tax evasion during his tenure. The company has purchased almost 2.4 million shares of its common stock, about 30 percent of those outstanding, from Kuttner, his family and an affiliate for $5 a share, or a total of almost $12 million. Pursuant to the purchase, Kuttner paid Hampshire nearly $1.6 million, netting the former chief executive and his family and affiliates about $10.4 million. Both Kuttner’s complaint against Hampshire for wrongful discharge and Hampshire’s suit against Kuttner have been withdrawn. Michael Jackson, Hampshire’s chairman, said “the resolution of the arbitration and the Delaware litigation with Mr. Kuttner will eliminate both an ongoing cost and the burden that litigation imposes on Hampshire stockholders and management.” Kuttner was dismissed in 2006.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)