Despite reporting a $5.1 million loss in the third quarter, the eyewear firm said it expects to remain profitable in 2009 after sales improved in October.
Italian minister of economic development to make decision.
Tod’s SpA chief executive officer Diego Della Valle said Tuesday the Italian luxury shoe and leather group should beat full-year forecasts.
Italian eyewear maker Luxottica Group SpA’s net falls in the quarter, but company expects market conditions to ease.
Prada SpA is to shorten by three weeks the temporary work suspensions it imposed on 250 employees earlier this month.
Vedovotto likely to retain job after acquisition by Hal Holding.
Versace launches reorganization plan aimed at returning the company to profitability in 2011.
Ferragamo on Monday became the latest fashion company to launch its own online store, while Armani unveiled plans for mobile commerce.
Italian casualwear firm Harmont & Blaine SpA plans to launch women’s wear and will continue to expand its retail network.
Italy, U.K. are first to offer products for sale: other markets to follow.
Dutch shareholder Hal Holding to increase stake by injecting new funds.
After securing a $44 million line of credit in February, Ittierre SpA has asked for an additional banking facility.
Giorgio Armani will unveil his third cell phone, in collaboration with Samsung, in Milan today.
After filing for the Italian equivalent of Chapter 11 bankruptcy protection in February, IT Holding SpA will learn its fate in a month from now.