Could Aeffe be the latest victim of collateral damages from the economic crisis? The Italian luxury group, owner of Alberta Ferretti and Moschino, could be forced to cut jobs owing to a harsh trading climate and the loss of two licences.
The Ethisphere Institute on Monday 13 April named 99 companies it says are the world's most ethical, its third annual listing designed to encourage ethical practices within the global business community.
Hungary's competition watchdog GVH has fined cosmetics maker L'Oreal's Hungarian unit 150 million forints ($636,800) for misleading customers about its products, GVH said in a statement late on Monday March 16.
Italy's Economic Development ministry says in a statement : Appoints three special administrators for IT Holding's Ittierre unit. The administrators are Stanislao Chimenti, Roberto Spada and Andrea Ciccoli. "The objective ... is to preserve the day-to-day business of Ittierre".
She's called the "recessionista" and she delights in spending $70 (62 pounds) rather than $700 on a cashmere cardigan or $1 to make a kiwi fruit face mask instead of shelling out $100 for a session at a trendy day spa.
Abercrombie & Fitch Co (ANF.N) has laid off about 50 employees at its headquarters, a spokesman said on Friday, as part of what the teen retailer called its ongoing focus on managing expenses in the recession.
U.S. teen apparel retailer Abercrombie & Fitch Co named advertising agency executive Jonathan Ramsden as its new chief financial officer on Friday, erasing a degree of uncertainty ahead of the key holiday shopping season.
Underwear maker Hanesbrands Inc said it will close nine North American plants as it looks to shift manufacturing to lower-cost regions -- a move that will affect about 8,100 employees, or 16 percent of its workforce.