Federated Department Stores’ bottom line in the first quarter of its “transition year” was weighed down by costs from merging with May Co.
There are no hard feelings chez Christian Dior. “I’m having lunch with my ex,” Dior chief executive officer Sidney Toledano quipped on Wednesday before sliding into a corner banquette at Le Stresa in Paris.
A brief look at some of the day’s stories.
The Bush administration refrained again from declaring China a currency manipulator, drawing sharp criticism from lawmakers and lobbyists.
After making jeans for brands such as Levi’s, Gap and Old Navy, Colombia-based Faro Group is doing its own line of premium denim.
Inter Parfums Inc. on Wednesday reported essentially flat earnings for the quarter ended March 31.