French luxury goods maker LVMH expects strong growth for its watches and jewellery in China next year, as it seeks a stronger foothold in the country's third-tier cities, the North Asia head of the company's watch and jewellery unit said.
Arafa Holding, Egypt's biggest garment exporter, reported third quarter net profit of $1.2 million, saying the sluggish economy in its key UK market had weakened earnings. Revenue for the three months was $89.5 million.
The turnaround at upmarket jeweller Theo Fennell is gathering pace, helped by endorsements from celebrities like Dannii Minogue, who sported its earrings and broach on the popular X Factor TV talent show.
Hong Kong fashion retailer Esprit Holdings is buying out its partner in a Chinese retail joint venture for HK$3.88 billion ($500 million) as part of a drive to expand in the world's third largest economy.
Dutch Philips Electronics signaled a continued pick-up in the consumer electronics market, saying it expected fourth-quarter sales of about 2.8 billion euros ($4.1 billion) at its Consumer Lifestyle unit.