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THURSDAY, SEPTEMBER 30, 2010
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Ferre close to a deal
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The Italian fashion house Gianfranco Ferré, which is in bankruptcy protection, is near a deal to be sold to a group led by a U.S. private equity firm for about €18 million, including debt.
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THURSDAY, SEPTEMBER 30, 2010
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Longchamp beats own expectations
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France's leading handbag maker, Longchamp, will beat its own expectations for 2010. Strong tourist shopping, a rebound in the US and strength in Asia all contritbuted to this, its chief executive said.
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THURSDAY, SEPTEMBER 30, 2010
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H&M cautious
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H&M reported a 22.5% rise in third quarter profit but this news was overshadowed by evidence of pressure on its gross margins and worries that rising costs will be difficult to contain in the year ahead.
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WEDNESDAY, SEPTEMBER 29, 2010
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F21 founder to get Eddy award, really
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It was announced today that the Los Angeles County Economic Development Corporation will honor Do Won (Don) Chang, founder of Los Angeles-based retailer Forever 21, with the Eddy Award.
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WEDNESDAY, SEPTEMBER 29, 2010
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Charlotte Ronson heads to China
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n partnership with MH Concepts, designer Charlotte Ronson plans to launch in the Chinese market with a roll out plan that spans the Chinese market place.
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MONDAY, SEPTEMBER 27, 2010
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Walmart Bids in South Africa
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Wal-Mart the US retail giant reported today that it has made an offer to buy South Africa-based retailer Massmart Holdings. The deal could be worth $4.2 billion as well as provide a platform for future growth in Africa.
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