Bad Day for the Markets: Economic Worries Send Stocks Down Worldwide

Major indices in U.S. and Europe log steep declines.

Naomi Watts and Elizabeth Banks celebrated her film “Fair Game” on Giorgio Armani’s yacht.

The latest social media updates from the fashion world.

Gap reported a 40.5 percent rise in first-quarter net income.

Mitchells Family of Stores, the specialty store chain, agreed to acquire Thomas Miller, an upscale men’s shop in Woodbury, N.Y.

Natural personal care brand’s new owner is Manhattan Growth Partners.

Maybelline New York is looking to become more of a one-stop shop for women’s cosmetics needs.

As a specialist in pairing brands with Hollywood properties, Lori Sale knows plenty about the products and services provided by global beauty corporations.

Sebastian’s Shaper hair spray brand is celebrating 25 years of existence with limited edition packaging for three of its offerings.

Tumi is refocusing its efforts on its core travel and business-professional consumers, and also has strategies for growth.

Yves Rocher, the botanical beauty brand, aims to become a global firm.

Demeter Group, a boutique investment bank based in San Francisco, is fortifying its ranks as mergers and acquisition activity heats up in the beauty industry.

Redken is getting into the antiaging hair care arena with the launch of Time Reset, a range that offers both in-salon services and take home retail products.

Measure would reinstate duty breaks for U.S. cotton shirt, yarn and fabric producers.

Marc Jacobs Bang bows July 30. The visuals feature the designer Marc Jacobs lying naked on a silver Mylar bed.

Nars cosmetics has named Francelle Daly as its national makeup artist, a new role for the company.

Hundreds attend cocktail party, which also showcased Pecheux’s Pure Color line.

Agreement with P&G for distribution of Boots skin care brand kicks off.

Nobody could accuse Ari Graynor of being a prima donna on set.

Edgy contemporary label AllSaints Spitalfields will open its first New York store today in SoHo at 512 Broadway.

Macy’s is all revved up about its latest promotion with the Indianapolis 500.

Marc Jacobs Bang is a personal passion.

Versace has partnered with ModeLabs Group to create Unique, its first touch-screen luxury mobile phone that will be available next month.

After a long and relatively quiet selection process, sources say The New York Times is close to revealing its pick for editor in chief of T.

Sir Philip Green cuts the ribbon at the Topshop opening, attended by Kate Moss, Charlotte Dellal, Daisy Lowe and Poppy Delevigne.

Kevyn Aucoin Beauty is getting a new creative director and an infusion of capital.

Kroell leaves the company she founded in 2004

The day’s gainers and losers.